Himax Technologies (NASDAQ:HIMX) Trading Up 7.2% – Still a Buy?

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price shot up 7.2% on Friday . The company traded as high as $5.53 and last traded at $5.51. 458,499 shares were traded during mid-day trading, a decline of 41% from the average session volume of 783,648 shares. The stock had previously closed at $5.14.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Himax Technologies Stock Performance

The stock has a 50 day moving average of $5.72 and a two-hundred day moving average of $6.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37. The stock has a market capitalization of $943.49 million, a PE ratio of 12.52 and a beta of 2.10.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, November 7th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $222.40 million for the quarter, compared to the consensus estimate of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. Himax Technologies’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share.

Institutional Trading of Himax Technologies

Institutional investors have recently bought and sold shares of the company. Summit Securities Group LLC raised its holdings in shares of Himax Technologies by 1,400.0% in the second quarter. Summit Securities Group LLC now owns 4,500 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 4,200 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Himax Technologies by 33.9% in the third quarter. Sanctuary Advisors LLC now owns 19,431 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 4,915 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Himax Technologies by 77,712.5% in the second quarter. Blue Trust Inc. now owns 6,225 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 6,217 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Himax Technologies by 28.4% in the second quarter. SG Americas Securities LLC now owns 31,728 shares of the semiconductor company’s stock worth $252,000 after acquiring an additional 7,013 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Himax Technologies in the second quarter worth $79,000. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.