Himax Technologies, Inc. (NASDAQ:HIMX) shares gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $8.88, but opened at $8.29. Himax Technologies shares last traded at $8.20, with a volume of 6640689 shares.
The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $181.10 million for the quarter, compared to the consensus estimate of $184.30 million. Himax Technologies had a net margin of 4.08% and a return on equity of 6.45%. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share.
A number of research firms have issued reports on HIMX. Zacks Investment Research downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Robert W. Baird boosted their price target on Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. BidaskClub downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Vetr upgraded Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price target for the company in a research note on Tuesday, November 28th. Finally, Oppenheimer reiterated a “sell” rating and set a $4.00 price objective on shares of Himax Technologies in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Himax Technologies has an average rating of “Hold” and an average target price of $10.86.
The stock has a market cap of $1,411.25, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 1.19 and a beta of 0.46.
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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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