Himax Technologies (HIMX) Set to Announce Earnings on Thursday – MarketBeat
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Himax Technologies (NASDAQ:HIMX – Get Rating) is set to post its quarterly earnings results before the market opens on Thursday, November 10th. Investors that wish to listen to the company’s conference call can do so using this link.
Himax Technologies (NASDAQ:HIMX – Get Rating) last posted its quarterly earnings data on Thursday, August 11th. The semiconductor company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Himax Technologies had a return on equity of 54.69% and a net margin of 28.01%. The business had revenue of $312.61 million during the quarter.
Himax Technologies Price Performance
Shares of NASDAQ:HIMX opened at $5.54 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.78 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $5.60 and a 200 day moving average price of $7.26. The company has a market cap of $965.62 million, a price-to-earnings ratio of 2.16 and a beta of 1.96. Himax Technologies has a twelve month low of $4.81 and a twelve month high of $16.50.
Wall Street Analyst Weigh In
A number of research analysts recently commented on HIMX shares. Credit Suisse Group lowered Himax Technologies from an “outperform” rating to a “neutral” rating and set a $7.00 target price for the company. in a research note on Thursday, July 14th. TheStreet cut shares of Himax Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, September 13th. Finally, StockNews.com assumed coverage on shares of Himax Technologies in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, Himax Technologies presently has an average rating of “Hold” and a consensus target price of $9.67.
Institutional Investors Weigh In On Himax Technologies
Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in Himax Technologies by 3.4% in the first quarter. Citigroup Inc. now owns 181,203 shares of the semiconductor company’s stock valued at $1,968,000 after acquiring an additional 5,910 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Himax Technologies by 36.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 24,571 shares of the semiconductor company’s stock valued at $267,000 after buying an additional 6,558 shares during the period. Bank of New York Mellon Corp boosted its holdings in Himax Technologies by 66.2% during the first quarter. Bank of New York Mellon Corp now owns 16,755 shares of the semiconductor company’s stock worth $182,000 after buying an additional 6,675 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Himax Technologies by 46.5% during the first quarter. Allianz Asset Management GmbH now owns 21,222 shares of the semiconductor company’s stock worth $230,000 after buying an additional 6,732 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Himax Technologies during the 2nd quarter worth about $51,000. Institutional investors own 17.47% of the company’s stock.
About Himax Technologies
(Get Rating)
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 through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.
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