Wall Street brokerages predict that Himax Technologies, Inc. (NASDAQ:HIMX) will announce earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Himax Technologies’ earnings, with estimates ranging from $0.14 to $0.15. Himax Technologies posted earnings of $0.03 per share in the same quarter last year, which would suggest a positive year over year growth rate of 366.7%. The business 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 financial year, with EPS estimates ranging from $0.20 to $0.21. For the next financial year, analysts anticipate that the business will post earnings of $0.34 per share, with EPS estimates ranging from $0.14 to $0.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Himax Technologies.
Several equities research analysts have recently weighed in on HIMX shares. 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. Robert W. Baird upped their price objective on Himax Technologies from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Vetr lowered Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.59 price objective on the stock. in a research note on Friday, November 17th. Finally, Northland Securities reiterated a “buy” rating and issued a $12.00 price objective on shares of Himax Technologies in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.06.
Shares of Himax Technologies (NASDAQ HIMX) traded up $0.01 on Wednesday, reaching $13.11. The company had a trading volume of 5,820,919 shares, compared to its average volume of 5,179,043. Himax Technologies has a 1 year low of $4.88 and a 1 year high of $13.42. The company has a market capitalization of $2,029.11, a price-to-earnings ratio of 196.50, a price-to-earnings-growth ratio of 2.83 and a beta of 0.69.
A number of large investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in Himax Technologies by 54.9% during the 2nd quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after buying an additional 3,209,380 shares in the last quarter. Quentec Asset Management LLC lifted its holdings in Himax Technologies by 28.5% during the 3rd quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock worth $29,137,000 after buying an additional 591,273 shares in the last quarter. Kayak Investment Partners LLC lifted its holdings in Himax Technologies by 22.3% during the 2nd quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock worth $21,598,000 after buying an additional 479,400 shares in the last quarter. Dalton Investments LLC lifted its holdings in Himax Technologies by 8.6% during the 3rd quarter. Dalton Investments LLC now owns 2,107,536 shares of the semiconductor company’s stock worth $23,035,000 after buying an additional 166,970 shares in the last quarter. Finally, Yiheng Capital LLC lifted its holdings in Himax Technologies by 36.4% during the 3rd quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock worth $13,936,000 after buying an additional 340,104 shares in the last quarter. 21.86% of the stock is currently owned by hedge funds and other institutional investors.
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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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