Equities analysts forecast that Himax Technologies, Inc. (NASDAQ:HIMX) will announce sales of $191.20 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Himax Technologies’ earnings. The highest sales estimate is $193.10 million and the lowest is $188.70 million. Himax Technologies reported sales of $181.08 million during the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 12th.
On average, analysts expect that Himax Technologies will report full-year sales of $723.87 million for the current financial year, with estimates ranging from $721.40 million to $725.70 million. For the next fiscal year, analysts anticipate that the business will post sales of $769.37 million, with estimates ranging from $750.00 million to $801.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Himax Technologies.
Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, November 8th. The semiconductor company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Himax Technologies had a return on equity of 5.56% and a net margin of 3.31%. The firm had revenue of $188.40 million during the quarter, compared to analysts’ expectations of $188.20 million. During the same period in the previous year, the firm posted $0.05 EPS. Himax Technologies’s revenue for the quarter was down 4.4% on a year-over-year basis.
Several research analysts have recently issued reports on the company. BidaskClub cut Himax Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday. Roth Capital raised Himax Technologies from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Monday, October 1st. Zacks Investment Research raised Himax Technologies from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective for the company in a research report on Tuesday, November 20th. Credit Suisse Group reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Himax Technologies in a research report on Friday, November 9th. Finally, Robert W. Baird lowered their price objective on Himax Technologies from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.40.
HIMX opened at $4.17 on Monday. Himax Technologies has a 12 month low of $3.87 and a 12 month high of $13.95. The firm has a market cap of $717.67 million, a P/E ratio of 26.06, a P/E/G ratio of 6.67 and a beta of -0.27.
Large investors have recently added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new position in shares of Himax Technologies during the 3rd quarter worth about $100,000. Stelac Advisory Services LLC acquired a new stake in shares of Himax Technologies in the 3rd quarter valued at about $110,000. Russell Investments Group Ltd. acquired a new stake in shares of Himax Technologies in the 2nd quarter valued at about $153,000. Engineers Gate Manager LP acquired a new stake in shares of Himax Technologies in the 2nd quarter valued at about $201,000. Finally, WESPAC Advisors SoCal LLC acquired a new stake in shares of Himax Technologies in the 2nd quarter valued at about $227,000. 20.66% of the stock is owned by institutional investors and hedge funds.
About Himax Technologies
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.
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