Brokerages expect Himax Technologies, Inc. (NASDAQ:HIMX) to report earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Himax Technologies’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.15. Himax Technologies posted earnings of $0.03 per share in the same quarter last year, which would indicate a positive year over year growth rate of 400%. The firm is expected to issue its next quarterly earnings results 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 $0.19 to $0.21. For the next year, analysts expect that the company will report earnings of $0.32 per share, with EPS estimates ranging from $0.14 to $0.45. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Himax Technologies.
Several equities analysts recently issued reports on HIMX shares. Vetr lowered Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.04 price target on the stock. in a research note on Monday, October 2nd. Lake Street Capital upgraded Himax Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $8.50 to $13.00 in a research note on Thursday, September 28th. Instinet reiterated a “buy” rating and issued a $12.00 price objective (up from $10.00) on shares of Himax Technologies in a research note on Tuesday, September 26th. Roth Capital upped their price objective on Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.40.
A number of institutional investors have recently modified their holdings of HIMX. Stifel Financial Corp acquired a new stake in Himax Technologies during the 2nd quarter worth $126,000. Private Advisor Group LLC raised its stake in Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after buying an additional 2,850 shares during the period. Northern Trust Corp raised its stake in Himax Technologies by 9.7% during the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after buying an additional 1,583 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Himax Technologies during the 2nd quarter worth $145,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Himax Technologies during the 3rd quarter worth $193,000. 26.90% of the stock is currently 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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