Himax Technologies (NASDAQ:HIMX) Issues Earnings Results, Beats Expectations By $0.03 EPS

Himax Technologies (NASDAQ:HIMXGet Free Report) announced its earnings results on Tuesday. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03, Briefing.com reports. The company had revenue of $227.70 million for the quarter, compared to analyst estimates of $226.80 million. Himax Technologies had a return on equity of 9.04% and a net margin of 7.06%. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. Himax Technologies updated its Q1 2024 guidance to 0.020-0.050 EPS.

Himax Technologies Stock Down 1.4 %

Himax Technologies stock opened at $5.56 on Wednesday. Himax Technologies has a fifty-two week low of $5.22 and a fifty-two week high of $8.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.75. The company has a market cap of $969.78 million, a PE ratio of 13.90 and a beta of 2.04. The business’s 50-day simple moving average is $5.94 and its two-hundred day simple moving average is $5.97.

Institutional Trading of Himax Technologies

A number of hedge funds have recently modified their holdings of HIMX. FMR LLC boosted its stake in shares of Himax Technologies by 39.7% in the third quarter. FMR LLC now owns 7,600 shares of the semiconductor company’s stock worth $44,000 after buying an additional 2,158 shares during the last quarter. Quantbot Technologies LP purchased a new position in Himax Technologies during the second quarter worth approximately $51,000. BNP Paribas Arbitrage SNC boosted its position in Himax Technologies by 83.4% during the third quarter. BNP Paribas Arbitrage SNC now owns 12,494 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 5,680 shares in the last quarter. Creative Planning purchased a new position in Himax Technologies during the second quarter worth approximately $77,000. Finally, Aspen Grove Capital LLC purchased a new position in Himax Technologies during the fourth quarter worth approximately $77,000. Hedge funds and other institutional investors own 15.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th.

Read Our Latest Analysis on Himax Technologies

About Himax Technologies

(Get Free Report)

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 in 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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Earnings History for Himax Technologies (NASDAQ:HIMX)

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