Himax Technologies (NASDAQ:HIMX) Shares Gap Up – Still a Buy?

Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.23, but opened at $5.46. Himax Technologies shares last traded at $5.46, with a volume of 317 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Himax Technologies Stock Down 1.7 %

The stock has a market cap of $898.06 million, a price-to-earnings ratio of 11.68 and a beta of 2.10. The business has a fifty day moving average of $5.72 and a 200 day moving average of $6.32. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $222.40 million for the quarter, compared to analyst estimates of $205.93 million. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. Himax Technologies’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS.

Institutional Trading of Himax Technologies

Several large investors have recently made changes to their positions in HIMX. SG Americas Securities LLC boosted its position in Himax Technologies by 28.4% during the second quarter. SG Americas Securities LLC now owns 31,728 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 7,013 shares during the period. Clear Harbor Asset Management LLC lifted its stake in shares of Himax Technologies by 11.4% in the second quarter. Clear Harbor Asset Management LLC now owns 164,725 shares of the semiconductor company’s stock worth $1,308,000 after buying an additional 16,910 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Himax Technologies by 77,712.5% during the 2nd quarter. Blue Trust Inc. now owns 6,225 shares of the semiconductor company’s stock worth $49,000 after buying an additional 6,217 shares during the period. Polunin Capital Partners Ltd acquired a new position in Himax Technologies in the 2nd quarter valued at $6,358,000. Finally, Summit Securities Group LLC raised its holdings in Himax Technologies by 1,400.0% in the 2nd quarter. Summit Securities Group LLC now owns 4,500 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 4,200 shares during the period. Institutional investors own 69.81% of the company’s stock.

Himax Technologies 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, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.