Himax Technologies (HIMX) Stock Price, News & Analysis

Company Overview

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. The company also provides automotive IC solutions, including traditional driver ICs; advanced in-cell touch and display driver integration; large touch and display driver integration; and local dimming timing controllers, as well as active matrix organic light-emitting diode (AMOLED) solutions, including AMOLED drivers, timing controllers, and touch controller ICs. In addition, it offers application specific IC services; liquid crystal on silicon and micro-electro mechanical system products; Power ICs; complementary metal oxide semiconductor image sensor products; wafer level optics products; 3D sensing products; and ultralow power WiseEye smart image sensing products. The company markets its display drivers to panel manufacturers, mobile device module manufacturers, and manufacturers of end-use products. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.

Key Stats

• Today's Range: $5.36 to $5.46
• 50-Day Range: $5.30 to $8.21
• 52-Week Range: $4.80 to $8.73
• Volume: 640,025 shs
• Average Volume: 799,228 shs
• Market Capitalization: $940.02 million
• P/E Ratio: 19.93
• Dividend Yield: 5.20%
• Price Target: N/A
• Consensus Rating: N/A

Himax Technologies Stock Analysis - MarketRank™

Himax Technologies scored higher than 37% of companies evaluated by MarketBeat, and ranked 504th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Himax Technologies.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Himax Technologies is 19.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Himax Technologies is 19.93, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 275.45.

Price to Book Value per Share Ratio

Himax Technologies has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.66% of the outstanding shares of Himax Technologies have been sold short.

Short Interest Ratio / Days to Cover

Himax Technologies has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Himax Technologies has recently increased by 3.73%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Himax Technologies is a leading dividend payer. It pays a dividend yield of 5.17%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Himax Technologies does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Himax Technologies is 103.70%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.66% of the outstanding shares of Himax Technologies have been sold short.

Short Interest Ratio / Days to Cover

Himax Technologies has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Himax Technologies has recently increased by 3.73%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: 0.25

News Sentiment

Himax Technologies has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Himax Technologies this week, compared to 3 articles on an average week.

Search Interest

Only 5 people have searched for HIMX on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.

MarketBeat Follows

Only 5 people have added Himax Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Himax Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

31.50% of the stock of Himax Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

69.81% of the stock of Himax Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HIMX Stock Analysis - Frequently Asked Questions

How have HIMX shares performed this year?

Himax Technologies' stock was trading at $6.07 at the beginning of 2024. Since then, HIMX stock has decreased by 11.4% and is now trading at $5.38.
View the best growth stocks for 2024 here.

How were Himax Technologies' earnings last quarter?

Himax Technologies, Inc. (NASDAQ:HIMX) released its quarterly earnings data on Friday, August, 9th. The semiconductor company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. Himax Technologies's quarterly revenue was up 2.0% compared to the same quarter last year.

Who are Himax Technologies' major shareholders?

Himax Technologies' top institutional shareholders include Acadian Asset Management LLC (1.93%), Polunin Capital Partners Ltd (0.46%), Point72 Hong Kong Ltd (0.42%) and Point72 Asset Management L.P. (0.33%).
View institutional ownership trends.

How do I buy shares of Himax Technologies?

Shares of HIMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Himax Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Himax Technologies investors own include Alibaba Group (BABA), Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), OPKO Health (OPK), Accelerate Diagnostics (AXDX) and Organigram (OGI).

Company Calendar

• Ex-Dividend for 7/12 Dividend: 6/28/2024
• Dividend Payable: 7/12/2024
• Last Earnings: 8/09/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:HIMX
• CUSIP: N/A
• CIK: 1342338
• Web: www.himax.com.tw
• Phone: (866) 505-0880
• Fax: 886-2-2314-0877
• Employees: 2,164
• Year Founded: 2001

Profitability

• EPS (Most Recent Fiscal Year): $0.27
• Trailing P/E Ratio: 19.89
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $50.62 million
• Net Margins: 8.42%
• Pretax Margin: 7.80%
• Return on Equity: 8.94%
• Return on Assets: 4.68%

Debt

• Debt-to-Equity Ratio: 0.04
• Current Ratio: 1.58
• Quick Ratio: 1.32

Sales & Book Value

• Annual Sales: $913.37 million
• Price / Sales: 1.03
• Cash Flow: $0.43 per share
• Price / Cash Flow: 12.55
• Book Value: $4.95 per share
• Price / Book: 1.08

Miscellaneous

• Outstanding Shares: 174,724,000
• Free Float: 119,686,000
• Market Cap: $938.27 million
• Optionable: Optionable
• Beta: 2.12