Analysts Anticipate Himax Technologies, Inc. (HIMX) Will Announce Earnings of $0.03 Per Share

Brokerages expect Himax Technologies, Inc. (NASDAQ:HIMX) to report earnings per share (EPS) of $0.03 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Himax Technologies’ earnings. Himax Technologies reported earnings of $0.14 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 78.6%. The firm is expected to announce its next earnings results before the market opens on Tuesday, February 19th.

On average, analysts expect that Himax Technologies will report full year earnings of $0.05 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will report earnings of $0.08 per share, with EPS estimates ranging from $0.07 to $0.09. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Himax Technologies.

A number of brokerages recently issued reports on HIMX. Lake Street Capital downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $7.00 to $4.00 in a research note on Friday, January 25th. Zacks Investment Research downgraded shares of Himax Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 15th. BidaskClub upgraded shares of Himax Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 22nd. Credit Suisse Group restated a “neutral” rating and set a $7.00 price objective on shares of Himax Technologies in a research report on Friday, November 9th. Finally, Roth Capital restated a “neutral” rating and set a $4.00 price objective (down previously from $7.00) on shares of Himax Technologies in a research report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.88.

Himax Technologies stock traded up $0.10 during trading on Friday, reaching $3.97. The stock had a trading volume of 9,156 shares, compared to its average volume of 2,208,562. Himax Technologies has a 52-week low of $3.03 and a 52-week high of $8.88. The company has a market capitalization of $666.04 million, a P/E ratio of 24.19 and a beta of 0.04.

Several large investors have recently modified their holdings of HIMX. Luminus Management LLC purchased a new stake in shares of Himax Technologies during the 3rd quarter worth approximately $5,880,000. Bank of America Corp DE lifted its position in shares of Himax Technologies by 611.1% during the 2nd quarter. Bank of America Corp DE now owns 551,903 shares of the semiconductor company’s stock worth $4,117,000 after buying an additional 474,291 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Himax Technologies by 662.3% during the 4th quarter. Hsbc Holdings PLC now owns 297,072 shares of the semiconductor company’s stock worth $1,019,000 after buying an additional 258,104 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Himax Technologies during the 2nd quarter worth approximately $1,188,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Himax Technologies during the 3rd quarter worth approximately $676,000. Institutional investors and hedge funds own 19.62% of the company’s stock.

About Himax Technologies

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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