Wall Street brokerages forecast that Himax Technologies, Inc. (NASDAQ:HIMX) will report $0.01 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Himax Technologies’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.00. Himax Technologies posted earnings of $0.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 80%. The company is scheduled to report its next quarterly earnings results on Thursday, November 8th.
On average, analysts expect that Himax Technologies will report full year earnings of $0.03 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.04. For the next financial year, analysts forecast that the firm will report earnings of $0.18 per share, with EPS estimates ranging from $0.05 to $0.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Himax Technologies.
Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, August 9th. The semiconductor company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Himax Technologies had a return on equity of 6.12% and a net margin of 3.66%. The company had revenue of $181.40 million during the quarter, compared to the consensus estimate of $181.78 million. Himax Technologies’s quarterly revenue was up 19.6% compared to the same quarter last year.
Several brokerages have recently commented on HIMX. Macquarie downgraded Himax Technologies from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $12.00 to $6.00 in a research note on Thursday, August 16th. ValuEngine downgraded Himax Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Cowen set a $7.00 target price on Himax Technologies and gave the stock a “hold” rating in a research note on Thursday, August 9th. BidaskClub upgraded Himax Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th. Finally, Lake Street Capital set a $13.00 target price on Himax Technologies and gave the stock a “buy” rating in a research note on Thursday, June 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Himax Technologies currently has an average rating of “Hold” and an average price target of $10.16.
Shares of NASDAQ HIMX traded up $0.01 during midday trading on Thursday, hitting $5.77. 1,573,400 shares of the company’s stock were exchanged, compared to its average volume of 2,785,896. Himax Technologies has a 12 month low of $5.67 and a 12 month high of $13.95. The company has a market capitalization of $1.01 billion, a P/E ratio of 36.06 and a beta of -0.25.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in Himax Technologies in the 2nd quarter valued at $153,000. Sheets Smith Wealth Management bought a new stake in Himax Technologies in the 2nd quarter valued at $183,000. Engineers Gate Manager LP bought a new stake in Himax Technologies in the 2nd quarter valued at $201,000. WESPAC Advisors SoCal LLC bought a new stake in Himax Technologies in the 2nd quarter valued at $227,000. Finally, Quadrature Capital Ltd bought a new stake in Himax Technologies in the 1st quarter valued at $267,000. Institutional investors and hedge funds own 23.43% of the company’s stock.
Himax Technologies Company Profile
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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