Himax Technologies EPS Estimated Cut at Northland Securities (HIMX)
Equities research analysts at Northland Securities decreased their earnings per share estimates on shares of Himax Technologies (NASDAQ:HIMX) in a research note issued to investors on Tuesday, American Banking News.com reports. The firm currently has an “outperform” rating on the company’s shares.
Shares of Himax Technologies (NASDAQ:HIMX) opened at 9.00 on Tuesday. Himax Technologies has a 1-year low of $4.76 and a 1-year high of $16.15. The stock has a 50-day moving average of $13.08 and a 200-day moving average of $12.09. The company has a market cap of $1.535 billion and a P/E ratio of 29.25. Himax Technologies also was the recipient of a significant drop in short interest during the month of January. As of March 31st, there was short interest totalling 6,549,273 shares, a drop of 16.6% from the March 14th total of 7,849,980 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 8,414,129 shares, the days-to-cover ratio is presently 0.8 days.
Himax Technologies (NASDAQ:HIMX) last released its earnings data on Wednesday, February 19th. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. The company had revenue of $195.20 million for the quarter, compared to the consensus estimate of $193.31 million. During the same quarter last year, the company posted $0.09 earnings per share. Himax Technologies’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Himax Technologies will post $0.61 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BofA Merrill Lynch downgraded shares of Himax Technologies from a “buy” rating to an “underperform” rating in a research note on Tuesday, March 25th. They now have a $12.50 price target on the stock, down previously from $17.58. Separately, analysts at Bank of America downgraded shares of Himax Technologies from a “buy” rating to an “underperform” rating in a research note on Tuesday, March 25th. They now have a $12.50 price target on the stock, down previously from $13.38. Finally, analysts at Credit Suisse initiated coverage on shares of Himax Technologies in a research note on Wednesday, March 12th. They set an “outperform” rating and a $19.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Himax Technologies presently has a consensus rating of “Hold” and a consensus price target of $12.75.
Himax Technologies, Inc operates as an IC design house with LCD manufacturing capability. The Company focuses on display IC products for display device and offers LCD technical consulting to customers to provide them with value-added technical support and integrated solutions.
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