Zacks: Analysts Anticipate Himax Technologies, Inc. (HIMX) Will Post Earnings of $0.14 Per Share
Equities analysts expect Himax Technologies, Inc. (NASDAQ:HIMX) to post earnings of $0.14 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Himax Technologies’ earnings. The highest EPS estimate is $0.15 and the lowest is $0.14. Himax Technologies posted earnings per share of $0.03 in the same quarter last year, which would suggest a positive year-over-year growth rate of 366.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 15th.
On average, analysts expect that Himax Technologies will report full year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.21. For the next year, analysts expect that the company will post earnings of $0.34 per share, with EPS estimates ranging from $0.14 to $0.45. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Himax Technologies.
A number of equities analysts have weighed in on HIMX shares. Zacks Investment Research upgraded Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, October 4th. Macquarie restated an “outperform” rating and issued a $12.20 target price (up from $11.00) on shares of Himax Technologies in a research note on Wednesday, September 6th. ValuEngine upgraded Himax Technologies from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Mizuho lowered Himax Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 11th. Finally, Robert W. Baird upgraded Himax Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $6.00 to $10.00 in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $10.13.
Shares of Himax Technologies (HIMX) traded up $0.03 during midday trading on Wednesday, reaching $13.06. The company’s stock had a trading volume of 4,439,522 shares, compared to its average volume of 5,974,082. The company has a market cap of $2,242.51, a price-to-earnings ratio of 217.17, a P/E/G ratio of 3.13 and a beta of 0.69. Himax Technologies has a fifty-two week low of $4.88 and a fifty-two week high of $13.88.
Several institutional investors have recently made changes to their positions in HIMX. Bank of New York Mellon Corp increased its position in shares of Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 77 shares during the last quarter. Creative Planning increased its position in shares of Himax Technologies by 21.0% during the 2nd quarter. Creative Planning now owns 67,276 shares of the semiconductor company’s stock valued at $552,000 after purchasing an additional 11,686 shares during the last quarter. US Bancorp DE increased its position in shares of Himax Technologies by 22.4% during the 2nd quarter. US Bancorp DE now owns 17,868 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 3,270 shares during the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Himax Technologies during the 2nd quarter valued at about $159,000. Finally, Capital Investment Counsel Inc bought a new position in shares of Himax Technologies during the 2nd quarter valued at about $109,000. Hedge funds and other institutional investors own 21.86% of the company’s stock.
About Himax Technologies
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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