Himax Technologies (HIMX) to Release Quarterly Earnings on Thursday – MarketBeat
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Himax Technologies (NASDAQ:HIMX – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, August 11th. Himax Technologies has set its Q2 2022 guidance at $0.45-$0.50 EPS and its Q2 guidance at $0.45-0.50 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Himax Technologies (NASDAQ:HIMX – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The semiconductor company reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $412.81 million for the quarter. Himax Technologies had a return on equity of 62.49% and a net margin of 29.43%.
Himax Technologies Price Performance
Shares of NASDAQ HIMX opened at $7.16 on Thursday. The business’s 50 day moving average price is $8.03 and its two-hundred day moving average price is $9.57. The company has a market cap of $1.25 billion, a PE ratio of 2.58 and a beta of 1.84. The company has a quick ratio of 1.74, a current ratio of 2.13 and a debt-to-equity ratio of 0.05. Himax Technologies has a twelve month low of $6.18 and a twelve month high of $16.50.
Himax Technologies Increases Dividend
The company also recently announced an annual dividend, which was paid on Tuesday, July 12th. Stockholders of record on Thursday, June 30th were given a $1.25 dividend. This is an increase from Himax Technologies’s previous annual dividend of $0.26. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a dividend yield of 13.4%. Himax Technologies’s dividend payout ratio is presently 44.60%.
Institutional Investors Weigh In On Himax Technologies
Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position 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 in the last quarter. Advisory Services Network LLC bought a new stake in Himax Technologies during the first quarter worth $216,000. Allianz Asset Management GmbH lifted its stake 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 purchasing an additional 6,732 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Himax Technologies by 36.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 24,571 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 6,558 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Himax Technologies by 467.0% during the first quarter. PNC Financial Services Group Inc. now owns 24,739 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 20,376 shares during the last quarter. Institutional investors and hedge funds own 26.96% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. Nomura downgraded Himax Technologies from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research report on Thursday, April 7th. Credit Suisse Group downgraded Himax Technologies from an “outperform” rating to a “neutral” rating and set a $7.00 target price on the stock. in a research report on Thursday, July 14th. Finally, Nomura Instinet reaffirmed a “neutral” rating and issued a $11.00 target price on shares of Himax Technologies in a research report on Thursday, April 7th.
Himax Technologies Company Profile
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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.
Read More
- Get a free copy of the StockNews.com research report on Himax Technologies (HIMX)
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