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.

HIMX has been the topic of a number of recent research reports. BidaskClub raised Himax Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 17th. ValuEngine lowered Himax Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Cowen set a $7.00 price objective on Himax Technologies and gave the stock a “hold” rating in a report on Thursday, August 9th. Macquarie lowered Himax Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $12.00 to $6.00 in a report on Thursday, August 16th. Finally, Lake Street Capital set a $8.00 price objective on Himax Technologies and gave the stock a “buy” rating in a report on Tuesday, September 25th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $7.99.

TRADEMARK VIOLATION WARNING: “Himax Technologies (HIMX) Releases Earnings Results, Beats Estimates By $0.02 EPS” was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://theolympiareport.com/2018/11/10/himax-technologies-himx-releases-earnings-results-beats-estimates-by-0-02-eps.html.

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.

See Also: Buyback

Earnings History for Himax Technologies (NASDAQ:HIMX)

Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.