Himax Technologies (NASDAQ:HIMX) Shares Down 4.3%

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price dropped 4.3% on Friday . The company traded as low as $10.66 and last traded at $10.68. Approximately 30,232 shares traded hands during trading, a decline of 99% from the average daily volume of 4,147,453 shares. The stock had previously closed at $11.16.

HIMX has been the topic of a number of recent research reports. Vertical Research lowered Himax Technologies from a “neutral” rating to a “sell” rating in a research report on Friday. Zacks Investment Research raised Himax Technologies from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, June 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.00.

The stock has a market cap of $1.83 billion, a PE ratio of 8.46 and a beta of 1.87. The firm has a fifty day moving average of $13.05 and a 200 day moving average of $13.14. The company has a quick ratio of 1.62, a current ratio of 1.91 and a debt-to-equity ratio of 0.08.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, August 5th. The semiconductor company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $365.30 million for the quarter, compared to analyst estimates of $362.05 million. Himax Technologies had a return on equity of 41.80% and a net margin of 18.34%. Himax Technologies’s revenue for the quarter was up 95.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in Himax Technologies in the first quarter valued at $1,217,000. Acadian Asset Management LLC boosted its stake in Himax Technologies by 33.7% in the first quarter. Acadian Asset Management LLC now owns 2,402,844 shares of the semiconductor company’s stock valued at $32,800,000 after acquiring an additional 605,514 shares in the last quarter. Henry James International Management Inc. boosted its stake in Himax Technologies by 52.2% in the second quarter. Henry James International Management Inc. now owns 125,630 shares of the semiconductor company’s stock valued at $2,093,000 after acquiring an additional 43,114 shares in the last quarter. Clear Street Markets LLC acquired a new position in Himax Technologies in the second quarter valued at $2,151,000. Finally, HRT Financial LP acquired a new position in Himax Technologies in the first quarter valued at $210,000. Institutional investors own 23.06% of the company’s stock.

About Himax Technologies (NASDAQ:HIMX)

Himax Technologies, Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The company’s products include display drivers, timing controllers, wafer level optics, video and display technology solutions, liquid crystal over silicon silicon, complementary metal-oxide semiconductor image sensor, and power integrated circuit.

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