Himax Technologies (NASDAQ:HIMX) Hits New 52-Week Low at $4.90

Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $4.90 and last traded at $4.92, with a volume of 96899 shares changing hands. The stock had previously closed at $4.96.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Himax Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, December 26th.

Himax Technologies Trading Up 0.2 %

The firm has a market cap of $868.36 million, a P/E ratio of 17.28 and a beta of 2.01. The business's 50-day moving average is $5.46 and its two-hundred day moving average is $5.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.39.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $227.70 million during the quarter, compared to the consensus estimate of $226.80 million. Himax Technologies had a net margin of 5.35% and a return on equity of 6.42%. The firm's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share.

Institutional Trading of Himax Technologies

A number of large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Himax Technologies during the 4th quarter worth about $26,000. US Bancorp DE lifted its stake in shares of Himax Technologies by 108.2% during the 4th quarter. US Bancorp DE now owns 6,191 shares of the semiconductor company's stock worth $38,000 after buying an additional 3,218 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Himax Technologies by 56.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company's stock worth $37,000 after buying an additional 2,487 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Himax Technologies during the 2nd quarter worth about $51,000. Finally, FMR LLC lifted its stake in shares of Himax Technologies by 39.7% during the 3rd quarter. FMR LLC now owns 7,600 shares of the semiconductor company's stock worth $44,000 after buying an additional 2,158 shares during the last quarter. Institutional investors and hedge funds 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, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.