Himax Technologies (NASDAQ:HIMX) Announces Quarterly Earnings Results

Himax Technologies (NASDAQ:HIMX) released its earnings results on Thursday. The semiconductor company reported $0.14 EPS for the quarter, Zacks reports. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. The firm had revenue of $237.22 million for the quarter. Himax Technologies updated its Q1 2025 guidance to 0.090-0.110 EPS.

Himax Technologies Trading Up 9.7 %

NASDAQ:HIMX traded up $0.96 during mid-day trading on Friday, hitting $10.88. 6,207,140 shares of the company’s stock were exchanged, compared to its average volume of 5,621,411. The company has a 50 day simple moving average of $8.73 and a 200-day simple moving average of $6.78. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03. Himax Technologies has a fifty-two week low of $4.80 and a fifty-two week high of $13.91. The firm has a market capitalization of $1.90 billion, a P/E ratio of 24.73 and a beta of 2.00.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price target on shares of Himax Technologies from $7.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

Himax Technologies announced that its board has approved a stock repurchase program on Wednesday, December 4th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

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.