Himax Technologies (NASDAQ:HIMX) Announces Earnings Results

Himax Technologies (NASDAQ:HIMX) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.14 earnings per share for the quarter, Zacks reports. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. Himax Technologies updated its Q1 2025 guidance to 0.090-0.110 EPS.

Himax Technologies Stock Performance

Shares of HIMX traded up $0.72 during midday trading on Thursday, reaching $9.86. 5,910,717 shares of the stock were exchanged, compared to its average volume of 4,924,404. The business’s 50-day moving average price is $8.51 and its 200 day moving average price is $6.71. 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 twelve month low of $4.80 and a twelve month high of $13.91. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 22.67 and a beta of 2.00.

Wall Street Analysts Forecast Growth

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

Himax Technologies announced that its board has approved a share buyback program on Wednesday, December 4th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.