Himax Technologies, Inc. (HIMX) Expected to Announce Quarterly Sales of $191.29 Million
Equities research analysts forecast that Himax Technologies, Inc. (NASDAQ:HIMX) will report sales of $191.29 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Himax Technologies’ earnings, with the highest sales estimate coming in at $192.00 million and the lowest estimate coming in at $189.20 million. Himax Technologies reported sales of $218.08 million during the same quarter last year, which would suggest a negative year over year growth rate of 12.3%. The business is scheduled to report its next quarterly earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Himax Technologies will report full year sales of $191.29 million for the current financial year, with estimates ranging from $688.80 million to $735.00 million. For the next year, analysts forecast that the firm will report sales of $886.60 million per share, with estimates ranging from $768.40 million to $958.24 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Himax Technologies.
A number of research analysts have recently weighed in on HIMX shares. Robert W. Baird dropped their price objective on shares of Himax Technologies from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, May 12th. Nomura set a $9.00 price objective on shares of Himax Technologies and gave the stock a “buy” rating in a research note on Saturday, May 13th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Himax Technologies in a research note on Monday, May 15th. ValuEngine cut shares of Himax Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research cut shares of Himax Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Himax Technologies has a consensus rating of “Hold” and an average price target of $8.70.
Shares of Himax Technologies (NASDAQ HIMX) traded up 0.79% on Friday, hitting $10.19. The stock had a trading volume of 8,913,882 shares. Himax Technologies has a one year low of $4.88 and a one year high of $11.97. The company’s 50 day moving average is $8.85 and its 200 day moving average is $8.07. The stock has a market cap of $1.75 billion, a PE ratio of 93.49 and a beta of 0.80.
The company also recently declared an annual dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a dividend of $0.24 per share. This is an increase from Himax Technologies’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Thursday, July 27th. This represents a yield of 2.71%. Himax Technologies’s payout ratio is 191.68%.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after buying an additional 77 shares during the period. US Bancorp DE increased its stake in Himax Technologies by 0.7% during the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares during the period. Northern Trust Corp increased its stake in Himax Technologies by 9.7% during the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after buying an additional 1,583 shares during the period. Private Advisor Group LLC increased its stake in Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after buying an additional 2,850 shares during the period. Finally, Profund Advisors LLC increased its stake in Himax Technologies by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after buying an additional 3,320 shares during the period. 21.74% of the stock is currently owned by hedge funds and other institutional investors.
Himax Technologies Company Profile
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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