Shares of Himax Technology (HIMX) gained as much 2% Tuesday after announcing it was awarded a patent for Processing 3D Stereoscopic Image.
The company said the “invention relates to image processing systems, and more particularly, to three-dimensional stereoscopic image processing systems. ”
Himax currently has a trailing-12 P/E of 22.61, a forward P/E of 15.96 and a P/E to growth ratio of 0.74. Price/Sales t12 ratio is at 1.79 while EPS for the same period registers at $0.37. The semiconductor company has a market cap of $1.42 billion and a median Wall Street price target of $8.00 with a high target of $10.00. Currently there are 2 analysts that rate HIMX a ‘Strong Buy’, 4 rate it a ‘Buy’, 3 rate it a ‘Hold’, 2 rates it ‘Underperform’ and 0 rates it a ‘Sell’.
Profitability-wise, Himax’s t-12 profit margin currently stands at 8.72% while operating ones are at 9.05%. The company reported $172.93 million in cash vs. $105.50 million in debt in its most recent quarter.
HIMX is up 1.59% at $8.29, within a 52-week range of $5.70 to $16.15. The stock has gained 37% over the last 52 weeks, and lost almost 44% year-to-date.
Himax Technologies, Inc., is a fabless semiconductor company, providing display imaging processing technologies to consumer electronics worldwide. The firm was founded in 2001 and headquartered in Tainan, Taiwan.