Equities research analysts predict that Himax Technologies, Inc. (NASDAQ:HIMX) will announce earnings per share of $0.07 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Himax Technologies’ earnings. The highest EPS estimate is $0.14 and the lowest is $0.03. Himax Technologies reported earnings of $0.14 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The company is expected to report its next earnings results on Tuesday, February 12th.

On average, analysts expect that Himax Technologies will report full year earnings of $0.10 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.20. For the next year, analysts expect that the company will report earnings of $0.08 per share, with EPS estimates ranging from $0.07 to $0.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Himax Technologies.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, November 8th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. Himax Technologies had a net margin of 3.31% and a return on equity of 5.56%. The company had revenue of $188.40 million during the quarter, compared to analysts’ expectations of $188.20 million. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year.

A number of equities research analysts have issued reports on HIMX shares. Roth Capital upgraded shares of Himax Technologies from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a report on Monday, October 1st. Zacks Investment Research upgraded shares of Himax Technologies from a “hold” rating to a “strong-buy” rating and set a $7.00 target price for the company in a research note on Thursday, October 11th. BidaskClub upgraded shares of Himax Technologies from a “strong sell” rating to a “sell” rating in a research note on Monday, August 27th. Lake Street Capital set a $8.00 target price on shares of Himax Technologies and gave the company a “buy” rating in a research note on Tuesday, September 25th. Finally, Macquarie cut shares of Himax Technologies from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $6.00 in a research note on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Himax Technologies has a consensus rating of “Hold” and an average target price of $6.47.

HIMX stock traded up $0.06 during mid-day trading on Friday, reaching $3.74. 3,876,271 shares of the stock traded hands, compared to its average volume of 2,899,978. Himax Technologies has a 52 week low of $3.60 and a 52 week high of $11.82. The stock has a market capitalization of $633.34 million, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 4.91 and a beta of -0.34.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP bought a new stake in shares of Himax Technologies in the third quarter valued at about $100,000. Stelac Advisory Services LLC bought a new stake in shares of Himax Technologies in the third quarter valued at about $110,000. Russell Investments Group Ltd. bought a new stake in shares of Himax Technologies in the second quarter valued at about $153,000. Engineers Gate Manager LP bought a new stake in shares of Himax Technologies in the second quarter valued at about $201,000. Finally, WESPAC Advisors SoCal LLC bought a new position in Himax Technologies during the second quarter worth about $227,000. Institutional investors and hedge funds own 19.55% of the company’s stock.

Himax Technologies Company Profile

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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