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 through 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. The company also designs and provides controllers for touch sensor displays; in-cell touch and display driver integration single-chip solutions; light-emitting diode driver and power management ICs; and liquid crystal on silicon microdisplays for augmented reality (AR) devices and head-up displays for the automotive industry. In addition, it offers complementary metal-oxide-semiconductor image sensors and wafer-level optics for AR devices, 3D sensing, and ultra-low power AI image sensing, which are used in various applications, such as mobile phones, tablets, laptops, TV, PC camera, automobile, security, medical devices, home appliance, Internet of Things, etc. The company markets its display drivers and display-related products to panel manufacturers, agents or distributors, module manufacturers, and assembly houses; and non-driver products to camera module manufacturers, optical engine manufacturers, and television system manufacturers. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.
Wall Street Analysts Forecast Growth
Separately, Credit Suisse Group lowered shares of Himax Technologies from an "outperform" rating to a "neutral" rating and set a $7.00 target price for the company. in a research note on Thursday, July 14th.
Himax Technologies Trading Up 2.0 %
Shares of NASDAQ:HIMX opened at $7.22 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.74 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.26 billion, a PE ratio of 2.60 and a beta of 1.84. Himax Technologies has a twelve month low of $6.18 and a twelve month high of $16.50. The stock has a fifty day simple moving average of $7.73 and a 200-day simple moving average of $9.38.
Himax Technologies (NASDAQ:HIMX - Get Rating) last released its earnings results on Thursday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $412.81 million during the quarter. Himax Technologies had a return on equity of 62.49% and a net margin of 29.43%.
Himax Technologies Increases Dividend
The firm also recently announced an annual dividend, which was paid on Tuesday, July 12th. Shareholders of record on Thursday, June 30th were issued a dividend of $1.25 per share. The ex-dividend date was Wednesday, June 29th. This is a positive change from Himax Technologies's previous annual dividend of $0.26. This represents a yield of 13.4%. Himax Technologies's dividend payout ratio is 44.60%.