Himax Technologies (NASDAQ:HIMX) Reaches New 12-Month Low at $6.45 – Defense World
Posted by admin on Jul 8th, 2022 
Himax Technologies, Inc. (NASDAQ:HIMX – Get Rating)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.45 and last traded at $6.47, with a volume of 27517 shares. The stock had previously closed at $6.59.
HIMX has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of Himax Technologies in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Nomura cut shares of Himax Technologies from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Thursday, April 7th. Credit Suisse Group decreased their price objective on shares of Himax Technologies from $18.00 to $13.80 in a research note on Monday, May 16th. Finally, Nomura Instinet reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Himax Technologies in a research note on Thursday, April 7th.
The company has a debt-to-equity ratio of 0.05, a current ratio of 2.13 and a quick ratio of 1.74. The company’s 50 day moving average price is $8.87 and its 200 day moving average price is $10.40. The firm has a market capitalization of $1.16 billion, a P/E ratio of 2.39 and a beta of 1.96.
Himax Technologies (NASDAQ:HIMX – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The semiconductor company reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. Himax Technologies had a net margin of 29.43% and a return on equity of 62.49%. The business had revenue of $412.81 million for the quarter.
The business also recently declared an annual dividend, which will be paid on Tuesday, July 12th. Stockholders of record on Thursday, June 30th will be paid a dividend of $1.25 per share. This is a boost from Himax Technologies’s previous annual dividend of $0.26. This represents a dividend yield of 13.4%. The ex-dividend date of this dividend is Wednesday, June 29th. Himax Technologies’s dividend payout ratio is 44.60%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in shares of Himax Technologies by 160.0% during the first quarter. New York State Common Retirement Fund now owns 3,161 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,945 shares during the last quarter. AlphaMark Advisors LLC bought a new position in Himax Technologies in the first quarter valued at approximately $43,000. TFC Financial Management boosted its stake in Himax Technologies by 83.3% in the fourth quarter. TFC Financial Management now owns 4,400 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 2,000 shares during the last quarter. Spire Wealth Management boosted its stake in Himax Technologies by 973.4% in the fourth quarter. Spire Wealth Management now owns 5,367 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 4,867 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its stake in Himax Technologies by 43.5% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 6,600 shares of the semiconductor company’s stock valued at $106,000 after acquiring an additional 2,000 shares during the last quarter. 26.96% of the stock is currently owned by institutional investors and hedge funds.
About Himax Technologies (NASDAQ:HIMX)
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 through 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.
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