Himax Technologies (NASDAQ:HIMX – Get Free Report) declared that its board has initiated a share buyback plan on Wednesday, December 4th, RTT News reports. The company plans to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Himax Technologies Stock Performance
NASDAQ HIMX opened at $6.18 on Friday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 14.05 and a beta of 2.07. The company has a fifty day moving average price of $5.75 and a 200-day moving average price of $6.29. 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 has a 1 year low of $4.80 and a 1 year high of $8.73.
Himax Technologies (NASDAQ:HIMX – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $222.40 million for the quarter, compared to the consensus estimate of $205.93 million. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 earnings per share.
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.
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