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

Himax Technologies, Inc. (NASDAQ:HIMX) gapped up before the market opened on Wednesday . The stock had previously closed at $5.44, but opened at $5.65. Himax Technologies shares last traded at $5.87, with a volume of 540,096 shares.

Himax Technologies Trading Up 13.6 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 13.34 and a beta of 2.07. The firm’s fifty day moving average is $5.73 and its 200-day moving average is $6.30.

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

Institutional Trading of Himax Technologies

Several institutional investors and hedge funds have recently modified their holdings of HIMX. Summit Securities Group LLC increased its holdings in shares of Himax Technologies by 1,400.0% in the 2nd quarter. Summit Securities Group LLC now owns 4,500 shares of the semiconductor company’s stock worth $36,000 after buying an additional 4,200 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Himax Technologies by 33.9% during the third quarter. Sanctuary Advisors LLC now owns 19,431 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 4,915 shares during the period. Blue Trust Inc. boosted its holdings in shares of Himax Technologies by 77,712.5% during the 2nd quarter. Blue Trust Inc. now owns 6,225 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 6,217 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Himax Technologies by 28.4% in the 2nd quarter. SG Americas Securities LLC now owns 31,728 shares of the semiconductor company’s stock worth $252,000 after buying an additional 7,013 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Himax Technologies in the 2nd quarter worth about $79,000. 69.81% of the stock is owned by hedge funds and other institutional investors.

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.