Himax Technologies (HIMX) Releases Earnings Results, Beats Estimates By $0.02 EPS
Himax Technologies (NASDAQ:HIMX) released its earnings results on Thursday. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02, Morningstar.com reports. The business had revenue of $188.40 million for the quarter, compared to analyst estimates of $188.20 million. Himax Technologies had a return on equity of 6.12% and a net margin of 3.66%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. Himax Technologies updated its Q4 2018 guidance to $0.02-0.04 EPS and its Q4 guidance to $0.02-0.04 EPS.
HIMX stock traded down $0.41 on Friday, reaching $4.41. 4,565,723 shares of the company’s stock were exchanged, compared to its average volume of 2,079,525. Himax Technologies has a twelve month low of $4.32 and a twelve month high of $13.95. The firm has a market capitalization of $932.80 million, a PE ratio of 27.56, a P/E/G ratio of 32.52 and a beta of -0.27.
A number of hedge funds have recently made changes to their positions in the stock. SG Capital Management LLC purchased a new stake in Himax Technologies during the second quarter worth $6,190,000. Pendal Group Ltd purchased a new stake in Himax Technologies during the second quarter worth $4,812,000. Bank of America Corp DE boosted its position in Himax Technologies by 611.1% during the second quarter. Bank of America Corp DE now owns 551,903 shares of the semiconductor company’s stock worth $4,117,000 after purchasing an additional 474,291 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Himax Technologies during the second quarter worth $3,886,000. Finally, Guggenheim Capital LLC boosted its position in Himax Technologies by 114.9% during the first quarter. Guggenheim Capital LLC now owns 182,223 shares of the semiconductor company’s stock worth $1,122,000 after purchasing an additional 97,417 shares in the last quarter. 22.92% of the stock is currently owned by hedge funds and other institutional investors.
Himax Technologies Company Profile
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
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