Himax Technologies (NASDAQ:HIMX) Reaches New 12-Month Low at $4.90

Himax Technologies, Inc. (NASDAQ:HIMX) hit a new 52-week low on Thursday . The stock traded as low as $4.90 and last traded at $4.92, with a volume of 96899 shares changing hands. The stock had previously closed at $4.96.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th.

Himax Technologies Price Performance

The firm has a market capitalization of $843.92 million, a price-to-earnings ratio of 16.66 and a beta of 2.01. The company’s 50 day moving average is $5.45 and its 200-day moving average is $5.71. The company has a current ratio of 1.69, a quick ratio of 1.39 and a debt-to-equity ratio of 0.04.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $227.70 million during the quarter, compared to the consensus estimate of $226.80 million. Himax Technologies had a net margin of 5.35% and a return on equity of 6.42%. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share.

Institutional Investors Weigh In On Himax Technologies

Hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in Himax Technologies during the fourth quarter worth approximately $26,000. Allspring Global Investments Holdings LLC lifted its position in Himax Technologies by 56.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 2,487 shares during the last quarter. US Bancorp DE increased its holdings in shares of Himax Technologies by 108.2% during the fourth quarter. US Bancorp DE now owns 6,191 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 3,218 shares during the period. FMR LLC increased its holdings in shares of Himax Technologies by 39.7% during the third quarter. FMR LLC now owns 7,600 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 2,158 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Himax Technologies during the second quarter worth approximately $51,000. 69.81% of the stock is currently owned by institutional investors and hedge funds.

About Himax Technologies

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.