Himax Technologies (NASDAQ:HIMX) Issues Quarterly Earnings Results

Himax Technologies (NASDAQ:HIMX) issued its quarterly earnings results on Thursday. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. Himax Technologies updated its Q1 2025 guidance to 0.090-0.110 EPS.

Himax Technologies Trading Up 7.9 %

Shares of Himax Technologies stock traded up $0.72 during trading hours on Thursday, reaching $9.86. 5,910,717 shares of the company’s stock were exchanged, compared to its average volume of 4,924,404. Himax Technologies has a 52-week low of $4.80 and a 52-week high of $13.91. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 22.67 and a beta of 2.00. The company has a fifty day moving average of $8.51 and a 200-day moving average of $6.71. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03.

Himax Technologies declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 4th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their price objective on Himax Technologies from $7.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

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.