Himax Technologies (NASDAQ:HIMX) Announces Quarterly Earnings Results

Himax Technologies (NASDAQ:HIMX) issued its quarterly earnings data on Thursday. The semiconductor company reported $0.14 earnings per share for the quarter, Zacks reports. The business had revenue of $237,220 billion during the quarter. 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 Stock Performance

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

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

Wall Street Analysts Forecast Growth

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

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.