Zacks: Analysts Expect Himax Technologies, Inc. (HIMX) to Announce $0.15 Earnings Per Share

Equities analysts expect Himax Technologies, Inc. (NASDAQ:HIMX) to announce $0.15 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Himax Technologies’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.15. Himax Technologies posted earnings per share of $0.03 in the same quarter last year, which would suggest a positive year over year growth rate of 400%. The business is scheduled to announce its next earnings results 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 $0.19 to $0.21. For the next year, analysts anticipate that the company will report earnings of $0.35 per share, with EPS estimates ranging from $0.14 to $0.45. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Himax Technologies.

Several equities analysts recently issued reports on HIMX shares. Vetr raised shares of Himax Technologies from a “buy” rating to a “strong-buy” rating and set a $11.54 price objective on the stock in a report on Tuesday, September 19th. Roth Capital lifted their price objective on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, September 26th. Instinet reissued a “buy” rating and set a $12.00 price objective (up from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Lake Street Capital raised shares of Himax Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $8.50 to $13.00 in a report on Thursday, September 28th. Finally, Zacks Investment Research raised shares of Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Himax Technologies has a consensus rating of “Buy” and a consensus target price of $10.93.

Shares of Himax Technologies (NASDAQ HIMX) traded down $0.01 during mid-day trading on Friday, reaching $10.70. 2,895,203 shares of the company traded hands, compared to its average volume of 5,540,000. The stock has a market capitalization of $1,840.00, a price-to-earnings ratio of 178.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $13.95.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in Himax Technologies by 9.7% in the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 1,583 shares in the last quarter. Private Advisor Group LLC boosted its stake in Himax Technologies by 19.7% in the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 2,850 shares in the last quarter. Profund Advisors LLC boosted its stake in Himax Technologies by 5.2% in the second quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock valued at $555,000 after acquiring an additional 3,320 shares in the last quarter. California Public Employees Retirement System boosted its stake in Himax Technologies by 0.8% in the second quarter. California Public Employees Retirement System now owns 519,300 shares of the semiconductor company’s stock valued at $4,258,000 after acquiring an additional 4,300 shares in the last quarter. Finally, State Street Corp boosted its stake in Himax Technologies by 9.6% in the second quarter. State Street Corp now owns 125,071 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 10,969 shares in the last quarter. Institutional investors own 26.90% of the company’s stock.

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Himax Technologies Company Profile

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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