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 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 Analysts Forecast Growth

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

Himax Technologies Stock Performance

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

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $227.70 million during the quarter, compared to the consensus estimate of $226.80 million. Himax Technologies had a return on equity of 6.42% and a net margin of 5.35%. The firm’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 EPS.

Hedge Funds Weigh In On Himax Technologies

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC bought a new position in Himax Technologies in the 4th quarter valued at about $26,000. US Bancorp DE lifted its position in Himax Technologies by 108.2% in the 4th quarter. US Bancorp DE now owns 6,191 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 3,218 shares in the last quarter. FMR LLC lifted its position in Himax Technologies by 39.7% in the 3rd quarter. FMR LLC now owns 7,600 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 2,158 shares in the last quarter. Quantbot Technologies LP bought a new position in Himax Technologies in the 2nd quarter valued at about $51,000. Finally, BNP Paribas Arbitrage SNC lifted its position in Himax Technologies by 83.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 12,494 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 5,680 shares in the last quarter. Institutional investors own 69.81% of the company’s stock.

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.