On Friday, Shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), added 1.37% and closed at $7.42 in the last trading session. The last trading range of the stock ranges between $7.11 and $7.46. The company’s Market capitalization is $1.29 Billion with the total Outstanding Shares of 343.82 million. Himax Technologies, Inc. (HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, declared its financial results for the third quarter ended September 30, 2016.
“The momentum we established during the first half of the year continued into the third quarter of 2016, as evidenced by our top and bottom line growth during the first three quarters of the year as our driver and non-driver business segments both performed strongly,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax. “We continue to see raised market share in our core driver IC business, in both large panel driver ICs in addition to small and medium-sized driver ICs, which is a direct result of our ongoing technology advancements and strong customer relationships. Our total solution capabilities and our continued focus on major new technology trends counting higher display resolution, AMOLED and in-cell TDDI will continue to solidify our dominant position in the market.”
Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $6.26 and reached to max level of $12.00. The EPS of company is strolling at 0.33.
Shares of Tegna Inc (NYSE:TGNA), jumped 7.27% and closed at $21.24 in the last trading session. The last trading range of the stock ranges between $19.69 and $21.26. The company’s Market capitalization is $4.89 Billion with the total Outstanding Shares of 214.42 million. TEGNA Inc. (TGNA) recently declared that its Board of Directors has approved a re-activation of share repurchases under the company’s share buyback program. Share repurchases under the $825 million program, approved by the Board in 2015, had been temporarily suspended in connection with the declarement of the planned spin-off of Cars.com on September 7, 2016. About $478 million remains available under the buyback program, which expires in June 2018. The timing and amount of any share repurchases will depend on, among other things, market conditions, the status of the review by the Securities and Exchange Commission of the Cars.com registration statement filed in connection with the projected spin-off and applicable legal requirements.
Gracia Martore, president and chief executive officer of TEGNA said, “The re-activation of share repurchase activities reflects TEGNA’s ongoing strong operational and financial performance and the Board’s confidence in our ability to maintain current cash flow levels and allocate capital plannedally.”
Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $17.91 and reached to max level of $28.95. The EPS of company is strolling at 2.15.