Himax Technologies (HIMX) Issues Earnings Results

Himax Technologies (NASDAQ:HIMX) issued its quarterly earnings results on Tuesday. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01), Morningstar.com reports. Himax Technologies had a return on equity of 2.10% and a net margin of 1.25%. The business had revenue of $181.10 million during the quarter, compared to analyst estimates of $184.30 million. During the same period in the previous year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was down 11.0% on a year-over-year basis.

Himax Technologies (NASDAQ:HIMX) traded down $0.09 during midday trading on Wednesday, hitting $8.20. The stock had a trading volume of 6,646,200 shares, compared to its average volume of 4,959,743. The firm has a market cap of $1,410.00, a price-to-earnings ratio of 137.75, a P/E/G ratio of 1.20 and a beta of 0.46. Himax Technologies has a fifty-two week low of $5.64 and a fifty-two week high of $13.95.

Large investors have recently made changes to their positions in the stock. Aperio Group LLC purchased a new stake in shares of Himax Technologies during the 4th quarter valued at about $107,000. Aviance Capital Management LLC raised its holdings in shares of Himax Technologies by 1,502.5% during the 4th quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock valued at $151,000 after buying an additional 13,598 shares during the period. Stifel Financial Corp purchased a new stake in shares of Himax Technologies during the 2nd quarter valued at about $126,000. Janney Montgomery Scott LLC purchased a new stake in shares of Himax Technologies during the 3rd quarter valued at about $193,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Himax Technologies during the 2nd quarter valued at about $145,000. Institutional investors and hedge funds own 27.31% of the company’s stock.

A number of analysts have issued reports on the company. Vetr lowered Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $14.98 price target on the stock. in a research note on Monday, December 4th. Morgan Stanley lowered Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a research note on Monday, November 27th. Credit Suisse Group set a $15.00 price objective on Himax Technologies and gave the company a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research raised Himax Technologies from a “sell” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, January 12th. Finally, BidaskClub lowered Himax Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.86.

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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.

Earnings History for Himax Technologies (NASDAQ:HIMX)

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