Himax Technologies, Inc. (NASDAQ:HIMX) shares gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $8.88, but opened at $8.29. Himax Technologies shares last traded at $8.20, with a volume of 6640689 shares trading hands.
The semiconductor company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Himax Technologies had a net margin of 4.08% and a return on equity of 6.45%. The firm had revenue of $181.10 million for the quarter, compared to the consensus estimate of $184.30 million. During the same period in the previous year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis.
A number of research firms recently weighed in on HIMX. Roth Capital dropped their price target on shares of Himax Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday. BidaskClub raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Credit Suisse Group set a $15.00 price target on shares of Himax Technologies and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Robert W. Baird raised their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.86.
The firm has a market capitalization of $1,411.25, a price-to-earnings ratio of 48.24, a PEG ratio of 1.19 and a beta of 0.46.
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Himax Technologies Company Profile
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
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