Wall Street brokerages predict that Himax Technologies, Inc. (NASDAQ:HIMX) will report sales of $186.80 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Himax Technologies’ earnings. The highest sales estimate is $190.00 million and the lowest is $183.60 million. Himax Technologies posted sales of $163.33 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.4%. The company is scheduled to report its next earnings results on Thursday, May 14th.
According to Zacks, analysts expect that Himax Technologies will report full-year sales of $824.30 million for the current fiscal year, with estimates ranging from $791.60 million to $857.00 million. For the next financial year, analysts anticipate that the firm will post sales of $992.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Himax Technologies.
Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Himax Technologies had a negative net margin of 2.03% and a negative return on equity of 2.87%. The company had revenue of $174.90 million for the quarter, compared to analysts’ expectations of $174.90 million. During the same period last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year.
Shares of HIMX stock opened at $2.85 on Friday. The firm has a market cap of $435.53 million, a P/E ratio of -40.71 and a beta of 0.30. Himax Technologies has a 1-year low of $1.70 and a 1-year high of $5.10. The firm’s 50-day simple moving average is $3.93 and its 200-day simple moving average is $3.00.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC purchased a new position in Himax Technologies in the fourth quarter valued at approximately $27,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Himax Technologies during the fourth quarter valued at approximately $182,000. Goldman Sachs Group Inc. purchased a new stake in shares of Himax Technologies during the fourth quarter valued at approximately $191,000. Virtu Financial LLC raised its stake in shares of Himax Technologies by 24.1% during the third quarter. Virtu Financial LLC now owns 95,941 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 18,625 shares during the period. Finally, State Street Corp raised its stake in shares of Himax Technologies by 20.6% during the fourth quarter. State Street Corp now owns 257,487 shares of the semiconductor company’s stock valued at $685,000 after purchasing an additional 43,925 shares during the period. Hedge funds and other institutional investors own 7.65% of the company’s stock.
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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