Himax Technologies (NASDAQ:HIMX) Hits New 12-Month Low at $5.22

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.22 and last traded at $5.25, with a volume of 643614 shares traded. The stock had previously closed at $5.41.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Himax Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th.

Himax Technologies Stock Down 3.1 %

The company has a market capitalization of $913.96 million, a price-to-earnings ratio of 18.07 and a beta of 2.01. The company has a quick ratio of 1.39, a current ratio of 1.69 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $5.49 and a 200-day moving average price of $5.73.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $227.70 million for the quarter, compared to analyst estimates of $226.80 million. Himax Technologies had a return on equity of 6.42% and a net margin of 5.35%. Himax Technologies’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HIMX. Steward Partners Investment Advisory LLC acquired a new position in Himax Technologies during the fourth quarter valued at $26,000. US Bancorp DE grew its stake in Himax Technologies by 108.2% in the fourth quarter. US Bancorp DE now owns 6,191 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 3,218 shares in the last quarter. FMR LLC grew its stake in Himax Technologies by 39.7% in the third quarter. FMR LLC now owns 7,600 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 2,158 shares in the last quarter. Quantbot Technologies LP purchased a new position in Himax Technologies in the second quarter valued at about $51,000. Finally, BNP Paribas Arbitrage SNC grew its stake in Himax Technologies by 83.4% in the third quarter. BNP Paribas Arbitrage SNC now owns 12,494 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 5,680 shares in the last quarter. 69.81% of the stock is owned by institutional investors and hedge funds.

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, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.