Stocks of Himax Technologies Inc. (NASDAQ:HIMX) traded higher last session on Wall Street, up 1.60% to $7.00.
According to the data, Himax Technologies Inc. (NASDAQ:HIMX) has 3 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $6.60, we find $7.00. Given the previous closing price of $6.89, this indicates a potential upside of 1.6 percent. HIMX stock price is now -1.10% away from the 50-day moving average and -1.14% away from the 200-day moving average. The market capitalization of the company currently stands at $1.20B.
A total of 2 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $7.87 as their price target over the next twelve months.
With the price target maintained at $7, Credit Suisse recently Downgraded its rating from Outperform to Neutral for Himax Technologies Inc. (NASDAQ: HIMX).
A total of 12.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HIMX stock. A new stake in Himax Technologies Inc. shares was purchased by CAUSEWAY CAPITAL MANAGEMENT LLC during the first quarter worth $7,464,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. invested $6,782,000 in shares of HIMX during the first quarter. In the first quarter, NEW YORK STATE COMMON RETIREMENT FUND acquired a new stake in Himax Technologies Inc. valued at approximately $812,000. JENKINS WEALTH acquired a new stake in HIMX for approximately $752,000. EMPLOYEES RETIREMENT SYSTEM OF TEXAS purchased a new stake in HIMX valued at around $597,000 in the second quarter. In total, there are 167 active investors with 17.60% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $6.99 for Himax Technologies Inc. (NASDAQ: HIMX). During the past 12 months, Himax Technologies Inc. has had a low of $4.81 and a high of $8.70. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.80, and a quick ratio of 1.40. The fifty day moving average price for HIMX is $7.09 and a two-hundred day moving average price translates $7.09 for the stock.
The latest earnings results from Himax Technologies Inc. (NASDAQ: HIMX) was released for Mar, 2023. According to the Semiconductors Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.07 by 0.01. This compares to $0.66 EPS in the same period last year. The net profit margin was 13.20% and return on equity was 15.60% for HIMX. The company reported revenue of $244.2 million for the quarter, compared to $412.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.84 percent. For the current quarter, analysts expect HIMX to generate $235.6M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/12/2023. Investors who held shares on 06/30/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $0.48 dividend and a 6.86% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend.
Himax Technologies Inc.(HIMX) 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. The company also designs and provides controllers for touch sensor displays; in-cell touch and display driver integration single-chip solutions; active matrix organic light-emitting diode ICs; light-emitting diode driver and power management ICs; and liquid crystal on silicon microdisplays for augmented reality (AR) devices and head-up displays for the automotive industry. In addition, it offers complementary metal-oxide-semiconductor image sensors and wafer-level optics for AR devices, 3D sensing, and ultra-low power WiseEye smart image sensing, which are used in various applications, such as mobile phones, tablets, laptops, TV, PC camera, automobile, security, medical devices, home appliance, artificial intelligence and Internet of Things (AIoT), etc. The company markets its display drivers and display-related products to panel manufacturers, agents or distributors, module manufacturers, and assembly houses or end customers; and non-driver products to camera module manufacturers, optical engine manufacturers, television/AIoT system manufacturers, and various AIoT system integration companies. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.
