Himax Technologies (NASDAQ:HIMX) Issues Earnings Results

Himax Technologies (NASDAQ:HIMX) issued its quarterly 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%. Himax Technologies updated its Q1 2025 guidance to 0.090-0.110 EPS.

Himax Technologies Price Performance

HIMX traded up $0.68 on Thursday, hitting $9.82. 6,026,916 shares of the company’s stock were exchanged, compared to its average volume of 4,939,573. Himax Technologies has a fifty-two week low of $4.80 and a fifty-two week high of $13.91. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $8.57 and a 200-day moving average price of $6.73. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 22.32 and a beta of 2.00.

Himax Technologies declared that its board has approved a stock buyback plan on Wednesday, December 4th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the semiconductor company to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.