Brokerages expect Himax Technologies, Inc. (NASDAQ:HIMX) to announce earnings of ($0.02) per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Himax Technologies’ earnings. Himax Technologies also reported earnings per share of ($0.02) in the same quarter last year. The business is expected to report its next quarterly earnings results on Thursday, May 9th.
On average, analysts expect that Himax Technologies will report full year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.14) to $0.05. For the next fiscal year, analysts expect that the business will post earnings of ($0.18) per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Himax Technologies.
Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Tuesday, February 19th. The semiconductor company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Himax Technologies had a net margin of 1.18% and a return on equity of 2.19%. The business had revenue of $191.00 million during the quarter, compared to analyst estimates of $191.64 million. During the same quarter in the previous year, the business posted $0.14 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year.
Several research analysts recently commented on the stock. Lake Street Capital lowered shares of Himax Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $7.00 to $4.00 in a research note on Friday, January 25th. BidaskClub upgraded shares of Himax Technologies from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 1st. Finally, Zacks Investment Research upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.57.
NASDAQ HIMX opened at $3.20 on Thursday. The company has a market cap of $550.86 million, a P/E ratio of 64.00 and a beta of 0.04. Himax Technologies has a 52 week low of $3.03 and a 52 week high of $8.81.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Yiheng Capital LLC raised its stake in shares of Himax Technologies by 167.5% during the 4th quarter. Yiheng Capital LLC now owns 3,411,152 shares of the semiconductor company’s stock worth $11,700,000 after acquiring an additional 2,136,120 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Himax Technologies by 18.3% during the 4th quarter. Stifel Financial Corp now owns 393,605 shares of the semiconductor company’s stock worth $1,327,000 after acquiring an additional 60,760 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Himax Technologies by 662.3% during the 4th quarter. Hsbc Holdings PLC now owns 297,072 shares of the semiconductor company’s stock worth $1,019,000 after acquiring an additional 258,104 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Himax Technologies during the 4th quarter worth approximately $166,000. Finally, Penserra Capital Management LLC grew its position in Himax Technologies by 64.5% during the 4th quarter. Penserra Capital Management LLC now owns 122,810 shares of the semiconductor company’s stock worth $420,000 after purchasing an additional 48,135 shares during the last quarter. Hedge funds and other institutional investors own 14.10% of the company’s stock.
About Himax Technologies
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
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