Wall Street analysts expect Himax Technologies, Inc. (NASDAQ:HIMX) to report $159.98 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Himax Technologies’ earnings, with the lowest sales estimate coming in at $156.10 million and the highest estimate coming in at $163.60 million. Himax Technologies posted sales of $155.21 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The company is scheduled to announce its next quarterly earnings report on Thursday, May 10th.
According to Zacks, analysts expect that Himax Technologies will report full-year sales of $159.98 million for the current year, with estimates ranging from $736.40 million to $931.00 million. For the next financial year, analysts anticipate that the company will post sales of $986.68 million per share, with estimates ranging from $806.80 million to $1.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Himax Technologies.
Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $184.30 million. Himax Technologies had a return on equity of 6.41% and a net margin of 4.08%. The firm’s revenue was down 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share.
HIMX has been the subject of several research analyst reports. BidaskClub downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Northland Securities downgraded Himax Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday. Robert W. Baird increased their price objective on Himax Technologies from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Vetr downgraded Himax Technologies from a “buy” rating to a “hold” rating and set a $13.60 price objective for the company. in a research note on Thursday, November 23rd. Finally, Zacks Investment Research downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Five research analysts have rated the stock with a sell rating, five have given a hold rating, seven 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 an average target price of $10.79.
Institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Himax Technologies during the 3rd quarter worth about $286,000. NF Trinity Capital Hong Kong Ltd bought a new position in shares of Himax Technologies in the 4th quarter valued at approximately $4,897,000. Stifel Financial Corp bought a new position in shares of Himax Technologies in the 2nd quarter valued at approximately $126,000. Clear Harbor Asset Management LLC raised its stake in shares of Himax Technologies by 744.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 159,800 shares of the semiconductor company’s stock valued at $1,665,000 after acquiring an additional 140,880 shares in the last quarter. Finally, BT Investment Management Ltd bought a new position in shares of Himax Technologies in the 3rd quarter valued at approximately $1,203,000. 33.22% of the stock is owned by institutional investors.
Shares of Himax Technologies (NASDAQ HIMX) traded up $0.03 during trading on Wednesday, reaching $7.75. The company had a trading volume of 5,302,847 shares, compared to its average volume of 4,140,000. The stock has a market cap of $1,340.00, a P/E ratio of 48.44, a P/E/G ratio of 1.75 and a beta of 0.52. Himax Technologies has a 1 year low of $6.40 and a 1 year high of $13.95.
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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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