Himax Technologies, Inc. (NASDAQ:HIMX) – Stock analysts at Oppenheimer issued their Q1 2018 earnings per share (EPS) estimates for Himax Technologies in a report issued on Wednesday. Oppenheimer analyst A. Uerkwitz expects that the semiconductor company will earn ($0.02) per share for the quarter. Oppenheimer currently has a “Sell” rating and a $4.00 target price on the stock. Oppenheimer also issued estimates for Himax Technologies’ Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.03 EPS, FY2018 earnings at $0.02 EPS and FY2019 earnings at $0.10 EPS.
HIMX has been the subject of a number of other research reports. Zacks Investment Research cut shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Robert W. Baird lifted their target price on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. BidaskClub cut shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Vetr upgraded shares of Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 target price for the company in a research note on Tuesday, November 28th. Finally, Morgan Stanley cut shares of Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 target price for the company. in a research note on Monday, November 27th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $10.86.
Himax Technologies (NASDAQ:HIMX) opened at $7.94 on Monday. Himax Technologies has a one year low of $6.40 and a one year high of $13.95. The stock has a market cap of $1,370.00, a P/E ratio of 49.63, a PEG ratio of 1.34 and a beta of 0.46.
Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Himax Technologies had a net margin of 4.08% and a return on equity of 6.41%. The firm had revenue of $181.10 million during the quarter, compared to the consensus estimate of $184.30 million. During the same quarter last year, the firm posted $0.03 EPS. The business’s revenue was down 11.0% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of HIMX. Aperio Group LLC bought a new position in Himax Technologies in the 4th quarter worth approximately $107,000. Two Sigma Securities LLC bought a new position in Himax Technologies in the 4th quarter worth approximately $122,000. Stifel Financial Corp bought a new position in Himax Technologies in the 2nd quarter worth approximately $126,000. BlueCrest Capital Management Ltd bought a new position in Himax Technologies in the 2nd quarter worth approximately $145,000. Finally, Northern Trust Corp raised its position in Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,583 shares during the last quarter. Hedge funds and other institutional investors own 33.87% of the company’s stock.
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.
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