Himax Technologies (NASDAQ:HIMX) Issues Q2 2024 Earnings Guidance

Himax Technologies (NASDAQ:HIMX) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.130-0.170 for the period, compared to the consensus estimate of 0.070. The company issued revenue guidance of $224.2 million-$234.5 million.

Himax Technologies Stock Up 8.0 %

Himax Technologies stock opened at $5.64 on Thursday. Himax Technologies has a twelve month low of $4.80 and a twelve month high of $7.70. The firm has a 50 day moving average price of $5.34 and a 200-day moving average price of $5.64. The company has a market capitalization of $985.44 million, a P/E ratio of 18.00 and a beta of 2.02. The company has a quick ratio of 1.39, a current ratio of 1.69 and a debt-to-equity ratio of 0.04.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. Himax Technologies had a net margin of 5.35% and a return on equity of 6.42%. The firm had revenue of $227.70 million during the quarter, compared to the consensus estimate of $226.80 million. During the same period in the prior year, the firm earned $0.24 EPS. The company’s revenue was down 13.2% compared to the same quarter last year.

About Himax Technologies

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.