Himax Technologies (NASDAQ:HIMX) Shares Gap Up – Should You Buy?

Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.23, but opened at $5.46. Himax Technologies shares last traded at $5.46, with a volume of 317 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Himax Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Himax Technologies Trading Down 1.9 %

The company’s fifty day moving average price is $5.73 and its two-hundred day moving average price is $6.33. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. The company has a market cap of $896.31 million, a price-to-earnings ratio of 11.89 and a beta of 2.10.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. The business’s revenue was down 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its position in Himax Technologies by 33.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,431 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 4,915 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Himax Technologies in the third quarter valued at approximately $98,000. Public Employees Retirement System of Ohio bought a new position in Himax Technologies in the 3rd quarter worth approximately $1,125,000. Y Intercept Hong Kong Ltd bought a new position in Himax Technologies in the 3rd quarter worth approximately $182,000. Finally, Stifel Financial Corp lifted its holdings in Himax Technologies by 4.8% during the 3rd quarter. Stifel Financial Corp now owns 470,526 shares of the semiconductor company’s stock worth $2,588,000 after buying an additional 21,607 shares in the last quarter. Institutional investors and hedge funds own 69.81% of the company’s stock.

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, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.