Zacks: Brokerages Expect Himax Technologies, Inc. (HIMX) Will Post Quarterly Sales of $185.95 Million

Brokerages expect Himax Technologies, Inc. (NASDAQ:HIMX) to post sales of $185.95 million for the current quarter, according to Zacks. Four analysts have issued estimates for Himax Technologies’ earnings. The lowest sales estimate is $177.48 million and the highest is $192.50 million. Himax Technologies posted sales of $203.44 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.6%. The company is scheduled to issue its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Himax Technologies will report full-year sales of $185.95 million for the current financial year, with estimates ranging from $681.57 million to $700.80 million. For the next fiscal year, analysts expect that the firm will post sales of $870.77 million per share, with estimates ranging from $768.20 million to $936.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Himax Technologies.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Himax Technologies had a net margin of 1.25% and a return on equity of 2.10%.

HIMX has been the topic of several analyst reports. Mizuho lowered shares of Himax Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, October 11th. Vetr upgraded shares of Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective on the stock in a report on Tuesday, November 28th. Morgan Stanley lowered shares of Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a report on Monday, November 27th. Robert W. Baird restated a “buy” rating on shares of Himax Technologies in a report on Sunday, October 22nd. Finally, BidaskClub lowered shares of Himax Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $10.93.

A number of institutional investors and hedge funds have recently bought and sold shares of HIMX. FMR LLC raised its holdings in shares of Himax Technologies by 54.9% during the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after acquiring an additional 3,209,380 shares during the period. CI Investments Inc. acquired a new stake in shares of Himax Technologies during the third quarter worth $7,276,000. Quentec Asset Management LLC raised its holdings in shares of Himax Technologies by 28.5% during the third quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock worth $29,137,000 after acquiring an additional 591,273 shares during the period. Kayak Investment Partners LLC raised its holdings in shares of Himax Technologies by 22.3% during the second quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock worth $21,598,000 after acquiring an additional 479,400 shares during the period. Finally, Yiheng Capital LLC raised its holdings in shares of Himax Technologies by 36.4% during the third quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock worth $13,936,000 after acquiring an additional 340,104 shares during the period. Institutional investors own 26.90% of the company’s stock.

Himax Technologies (HIMX) traded down $0.01 on Monday, hitting $10.70. 2,895,203 shares of the stock traded hands, compared to its average volume of 3,743,778. Himax Technologies has a twelve month low of $4.88 and a twelve month high of $13.95. The company has a market capitalization of $1,840.00, a PE ratio of 178.33, a P/E/G ratio of 1.55 and a beta of 0.85.

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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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