Brokerages expect that Himax Technologies, Inc. (NASDAQ:HIMX) will report $0.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Himax Technologies’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.15. Himax Technologies posted earnings of $0.03 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 400%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Himax Technologies will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.21. For the next fiscal year, analysts forecast that the company will report earnings of $0.35 per share, with EPS estimates ranging from $0.14 to $0.45. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Himax Technologies.

Several research firms recently issued reports on HIMX. Northland Securities reiterated an “outperform” rating and issued a $15.00 price objective (up previously from $12.00) on shares of Himax Technologies in a report on Thursday, September 14th. Vetr downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $11.54 price objective on the stock. in a report on Monday, September 25th. Instinet reiterated a “buy” rating and issued a $12.00 price objective (up previously from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Lake Street Capital upgraded Himax Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $8.50 to $13.00 in a report on Thursday, September 28th. Finally, Oppenheimer restated a “sell” rating and set a $4.00 price target on shares of Himax Technologies in a report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $10.24.

Himax Technologies (NASDAQ:HIMX) traded up $0.06 during mid-day trading on Friday, hitting $10.92. The company had a trading volume of 3,849,500 shares, compared to its average volume of 5,329,833. The stock has a market cap of $1,869.05, a P/E ratio of 181.00, a PEG ratio of 2.61 and a beta of 0.85. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $13.95.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Himax Technologies by 54.9% during the 2nd 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 in the last quarter. Quentec Asset Management LLC boosted its position in shares of Himax Technologies by 28.5% during the 3rd 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 in the last quarter. Kayak Investment Partners LLC boosted its position in shares of Himax Technologies by 22.3% during the 2nd 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 in the last quarter. Dalton Investments LLC boosted its position in shares of Himax Technologies by 8.6% during the 3rd quarter. Dalton Investments LLC now owns 2,107,536 shares of the semiconductor company’s stock worth $23,035,000 after acquiring an additional 166,970 shares in the last quarter. Finally, Yiheng Capital LLC boosted its position in shares of Himax Technologies by 36.4% during the 3rd 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 in the last quarter. 26.90% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Himax Technologies (NASDAQ:HIMX)

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