Himax Technologies (NASDAQ:HIMX) Stock Crosses Above 200 Day Moving Average of $12.02

Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.02 and traded as high as $12.99. Himax Technologies shares last traded at $12.95, with a volume of 3,661,839 shares changing hands.

Separately, Vertical Research lowered shares of Himax Technologies from a “neutral” rating to a “sell” rating and set a $7.50 price objective for the company. in a research report on Friday, September 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Himax Technologies currently has an average rating of “Hold” and a consensus target price of $11.83.

The business’s 50 day simple moving average is $11.54 and its 200 day simple moving average is $12.02. The company has a quick ratio of 1.69, a current ratio of 2.01 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.25 billion, a PE ratio of 6.89 and a beta of 1.94.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Thursday, November 4th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). The company had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $381.97 million. Himax Technologies had a return on equity of 55.56% and a net margin of 23.96%. Himax Technologies’s revenue for the quarter was up 75.4% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share.

Several institutional investors have recently modified their holdings of HIMX. Yiheng Capital Management L.P. grew its stake in Himax Technologies by 9.8% in the 2nd quarter. Yiheng Capital Management L.P. now owns 8,990,293 shares of the semiconductor company’s stock valued at $149,778,000 after buying an additional 800,800 shares during the last quarter. Woodward Diversified Capital LLC bought a new stake in Himax Technologies during the third quarter valued at about $113,000. Shilanski & Associates Inc. bought a new stake in Himax Technologies during the second quarter valued at about $338,000. AlphaMark Advisors LLC boosted its holdings in Himax Technologies by 83.3% during the third quarter. AlphaMark Advisors LLC now owns 5,500 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 2,500 shares during the period. Finally, Man Group plc boosted its holdings in Himax Technologies by 1,256.3% during the second quarter. Man Group plc now owns 542,513 shares of the semiconductor company’s stock valued at $9,038,000 after acquiring an additional 502,513 shares during the period. Institutional investors and hedge funds own 26.51% of the company’s stock.

Himax Technologies Company Profile (NASDAQ:HIMX)

Himax Technologies, Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The company’s products include display drivers, timing controllers, wafer level optics, video and display technology solutions, liquid crystal over silicon silicon, complementary metal-oxide semiconductor image sensor, and power integrated circuit.

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