Wall Street analysts forecast that Himax Technologies, Inc. (NASDAQ:HIMX) will post earnings of $0.07 per share for the current quarter, Zacks reports. Two analysts have provided 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 indicates a negative year-over-year growth rate of 50%. The company is scheduled to issue 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 fiscal year, with EPS estimates ranging from $0.05 to $0.20. For the next financial year, analysts forecast that the business will report earnings of $0.08 per share, with EPS estimates ranging from $0.07 to $0.09. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Himax Technologies.

Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, November 8th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $188.40 million during the quarter, compared to analyst estimates of $188.20 million. During the same period in the previous year, the business posted $0.05 earnings per share. Himax Technologies’s revenue for the quarter was down 4.4% on a year-over-year basis.

Several brokerages have issued reports on HIMX. Zacks Investment Research upgraded shares of Himax Technologies from a “hold” rating to a “strong-buy” rating and set a $4.75 target price for the company in a research report on Tuesday, November 20th. BidaskClub lowered shares of Himax Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, November 30th. Robert W. Baird lowered their price objective on shares of Himax Technologies from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Thursday, November 8th. Credit Suisse Group restated a “neutral” rating and issued a $7.00 price objective on shares of Himax Technologies in a report on Friday, November 9th. Finally, Roth Capital restated a “neutral” rating and issued a $4.00 price objective (down from $7.00) on shares of Himax Technologies in a report on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Himax Technologies currently has an average rating of “Hold” and an average price target of $6.47.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stevens Capital Management LP bought a new stake in shares of Himax Technologies in the 3rd quarter worth approximately $100,000. Stelac Advisory Services LLC bought a new stake in shares of Himax Technologies in the 3rd quarter worth approximately $110,000. Russell Investments Group Ltd. bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $153,000. Engineers Gate Manager LP bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $201,000. Finally, WESPAC Advisors SoCal LLC purchased a new position in shares of Himax Technologies in the second quarter worth $227,000. Hedge funds and other institutional investors own 19.55% of the company’s stock.

Himax Technologies stock traded up $0.06 during mid-day trading on Friday, hitting $3.74. 3,876,271 shares of the company traded hands, compared to its average volume of 2,899,978. Himax Technologies has a one year low of $3.60 and a one year high of $11.82. The firm has a market cap of $633.34 million, a PE ratio of 23.38, a PEG ratio of 4.91 and a beta of -0.34.

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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