Himax Technologies (NASDAQ:HIMX) Releases Quarterly Earnings Results, Hits Expectations

Himax Technologies (NASDAQ:HIMX) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01, Briefing.com reports. Himax Technologies had a negative net margin of 0.90% and a negative return on equity of 1.15%. The firm had revenue of $174.90 million during the quarter, compared to the consensus estimate of $174.90 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. Himax Technologies updated its Q1 2020
Pre-Market guidance to EPS and its Q1 guidance to $0.00-0.02 EPS.

Shares of Himax Technologies stock traded down $0.04 on Friday, hitting $4.84. 2,746,141 shares of the company traded hands, compared to its average volume of 2,228,021. The stock’s 50 day moving average price is $3.72 and its 200-day moving average price is $2.71. Himax Technologies has a 52 week low of $1.70 and a 52 week high of $5.05. The company has a market cap of $759.16 million, a PE ratio of -161.33 and a beta of 0.29.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Himax Technologies from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a research note on Monday, January 13th. Northland Securities reaffirmed a “hold” rating and set a $2.25 price target on shares of Himax Technologies in a research note on Friday, November 8th. Lake Street Capital lifted their price target on shares of Himax Technologies from $5.00 to $6.50 and gave the company a “buy” rating in a research note on Thursday. Roth Capital raised shares of Himax Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from to in a research note on Thursday. Finally, Credit Suisse Group raised shares of Himax Technologies from an “underperform” rating to a “neutral” rating and set a $3.00 price target for the company in a research note on Sunday, January 5th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Himax Technologies presently has a consensus rating of “Buy” and an average target price of $4.65.

Himax Technologies Company Profile

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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Earnings History for Himax Technologies (NASDAQ:HIMX)

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