Financial Contrast: Himax Technologies (NASDAQ:HIMX) versus Its Rivals

Himax Technologies (NASDAQ: HIMX) is one of 104 publicly-traded companies in the “Semiconductors” industry, but how does it weigh in compared to its rivals? We will compare Himax Technologies to related businesses based on the strength of its dividends, earnings, profitability, valuation, analyst recommendations, risk and institutional ownership.

Risk and Volatility

Himax Technologies has a beta of 0.69, indicating that its share price is 31% less volatile than the S&P 500. Comparatively, Himax Technologies’ rivals have a beta of 1.00, indicating that their average share price is 0% less volatile than the S&P 500.

Insider and Institutional Ownership

22.3% of Himax Technologies shares are owned by institutional investors. Comparatively, 65.7% of shares of all “Semiconductors” companies are owned by institutional investors. 6.2% of shares of all “Semiconductors” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of recent recommendations and price targets for Himax Technologies and its rivals, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Himax Technologies 3 2 10 0 2.47
Himax Technologies Competitors 926 4778 8754 364 2.58

Himax Technologies presently has a consensus price target of $9.67, indicating a potential downside of 5.18%. As a group, “Semiconductors” companies have a potential upside of 9.09%. Given Himax Technologies’ rivals stronger consensus rating and higher possible upside, analysts plainly believe Himax Technologies has less favorable growth aspects than its rivals.

Dividends

Himax Technologies pays an annual dividend of $0.23 per share and has a dividend yield of 2.3%. Himax Technologies pays out 383.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Semiconductors” companies pay a dividend yield of 1.4% and pay out 55.4% of their earnings in the form of a dividend.

Valuation and Earnings

This table compares Himax Technologies and its rivals gross revenue, earnings per share (EPS) and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
Himax Technologies $802.92 million $50.91 million 170.03
Himax Technologies Competitors $4.28 billion $522.04 million 45.23

Himax Technologies’ rivals have higher revenue and earnings than Himax Technologies. Himax Technologies is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Himax Technologies and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Himax Technologies 1.25% 2.10% 1.24%
Himax Technologies Competitors -46.32% 1.69% 1.37%

Summary

Himax Technologies rivals beat Himax Technologies on 10 of the 15 factors compared.

About Himax Technologies

Himax Technologies, Inc. is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products. In addition, the Company designs and provides controllers for touch sensor displays, liquid crystal on silicon micro-displays used in palm-size projectors and head-mounted displays, light-emitting diode driver ICs, power management ICs, scaler products for monitors and projectors, video processing IC solutions and silicon IPs. It also offers digital camera solutions, including complementary metal-oxide-semiconductor image sensors and wafer level optics, which are used in a range of applications, such as mobile phone, tablet, laptop, televisions, personal computer camera, automobile, security and medical devices.

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