Himax Technologies, Inc. (NASDAQ:HIMX) Expected to Post Earnings of $0.02 Per Share

Analysts expect Himax Technologies, Inc. (NASDAQ:HIMX) to announce $0.02 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Himax Technologies’ earnings. Himax Technologies posted earnings of ($0.03) per share in the same quarter last year, which suggests a positive year over year growth rate of 166.7%. The firm is expected to issue its next earnings report on Thursday, August 13th.

According to Zacks, analysts expect that Himax Technologies will report full-year earnings of ($0.06) per share for the current year, with EPS estimates ranging from ($0.08) to ($0.04). For the next financial year, analysts expect that the company will report earnings of $0.22 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Himax Technologies.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, May 14th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $184.60 million for the quarter, compared to analyst estimates of $187.49 million. Himax Technologies had a negative net margin of 1.15% and a negative return on equity of 1.62%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.01) EPS.

A number of brokerages have recently issued reports on HIMX. Zacks Investment Research lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, May 15th. BidaskClub downgraded shares of Himax Technologies from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 7th. Credit Suisse Group raised shares of Himax Technologies from a “neutral” rating to an “outperform” rating and set a $4.00 price objective for the company in a research report on Wednesday, April 1st. ValuEngine downgraded shares of Himax Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 1st. Finally, Northland Securities reaffirmed a “hold” rating and set a $3.50 price objective on shares of Himax Technologies in a research report on Monday, May 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Himax Technologies presently has an average rating of “Hold” and a consensus price target of $5.13.

Shares of Himax Technologies stock traded up $0.88 during trading on Thursday, reaching $4.14. The company had a trading volume of 9,263,461 shares, compared to its average volume of 991,977. The company has a market cap of $604.34 million, a price-to-earnings ratio of -104.00 and a beta of 0.90. The firm’s fifty day moving average is $3.22 and its 200-day moving average is $3.39. Himax Technologies has a fifty-two week low of $1.70 and a fifty-two week high of $5.10.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE grew its position in Himax Technologies by 35.3% in the 1st quarter. US Bancorp DE now owns 18,707 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 4,881 shares during the last quarter. Full Sail Capital LLC bought a new position in Himax Technologies in the 1st quarter worth about $33,000. Voloridge Investment Management LLC bought a new position in Himax Technologies in the 1st quarter worth about $37,000. Engineers Gate Manager LP bought a new position in shares of Himax Technologies in the first quarter valued at approximately $38,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Himax Technologies by 2,341.1% in the first quarter. Tower Research Capital LLC TRC now owns 15,989 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 15,334 shares in the last quarter. Hedge funds and other institutional investors own 10.73% 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.

Further Reading: Market Timing

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