ibusinesslines.com
ibusinesslines.com May 22, 2018


Himax Technologies (NASDAQ:HIMX) Earning Positive News Coverage, Analysis Shows

17 July 2017, 04:21 | Erica Roy

The firm is expected to report its next quarterly earnings results before the market opens on Thursday, August 10th. Equities analysts anticipate that Himax Technologies, Inc. will post $0.10 EPS for the current year. During the same period in the prior year, the firm posted $0.08 earnings per share.

According to Zacks, "Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays". However a year ago for the same quarter the company has reported $0.12 EPS. Presently, it has a Return on Equity (ROE) of 8.50% and Return on Investment (ROI) of 8.00%. The firm had revenue of $155.20 million for the quarter, compared to analysts' expectations of $162.26 million. The Company's year to date (YTD) performance is now positive at 33.94%. The company's revenue was down 13.9% on a year-over-year basis. Himax Tech had 24 analyst reports since August 10, 2015 according to SRatingsIntel.

Additionally on 3/09/17 Mizuho "Upgrades" Himax Technologies (NASDAQ:HIMX) to Buy setting price target at $0 and on 2/16/17 Northland Securities "Upgrades" the stock to Outperform at $0. Macquarie started coverage on shares of Himax Technologies in a research note on Monday, April 17th. They set an "outperform" rating and a $12.00 target price on the stock. ValuEngine downgraded shares of Himax Technologies from a "hold" rating to a "sell" rating in a report on Thursday, May 18th. On September 26, 2016 the stock rating was rated "Neutral" in a report from Nomura a cut from the previous "Buy" rating.

Based on data provided from analysts polled by Thomson Reuters, TherapeuticsMD, Inc. has a current consensus target price of 15.43.

COPYRIGHT VIOLATION WARNING: This report was first reported by Transcript Daily and is the sole property of of Transcript Daily. "(HIMX) Position Lowered by California Public Employees Retirement System" was originally posted by BNB Daily and is owned by of BNB Daily. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and global copyright laws.


Himax Technologies (NASDAQ HIMX) traded up 1.38% on Wednesday, reaching $8.08. The company had a trading volume of 8,206,977 shares. The current share price indicates that stock is -26.85% away from its one year high and is moving 64.14% ahead of its 52-week low.

Other large investors also recently made changes to their positions in the company. Previously Himax Technologies (NASDAQ:HIMX) reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $-0.02 with surprise factor of -66.7%. US Bancorp DE boosted its position in shares of Himax Technologies by 0.7% in the first quarter. Point72 Asia Singapore Pte. Sheets Smith Wealth Management boosted its position in shares of Himax Technologies by 3.5% in the first quarter. Canada Pension Plan Investment Board increased its position in shares of Himax Technologies by 2,325.6% in the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company's stock valued at $133,000 after buying an additional 100 shares during the period.

As of quarter end Goldman Sachs Group Inc had acquired a total of 275,200 shares growing its holdings by 119.4%. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company's stock worth $130,000 after buying an additional 77 shares in the last quarter.

On the other hand the company has Relative Strength Index (RSI 14) of 53.85 along with Average True Range (ATR 14) of 0.35, Consequently Himax Technologies (NASDAQ:HIMX)'s weekly and monthly volatility is 3.61%, 4.29% respectively. The Firm is engaged in display driver integrated circuits and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, vehicle navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.



Other News

Trending Now

30-year-old Hull City star completes Derby switch
The 30-year-old midfielder made 23 Premier League starts last season as Hull were relegated to the Championship. The England global has left the Tigers after the Rams activated the release clause in his contract.

Barings LLC Has $2067000 Position in Western Gas Partners, LP (NYSE:WES)
It dropped, as 15 investors sold Shawcor Ltd shares while 73 reduced holdings. 115 funds opened positions while 706 raised stakes. Advisory Rech Inc stated it has 36,491 shares or 0.03% of all its holdings. (NYSE:T) for 6,086 shares. (NASDAQ:CPRT).

Cathay General Bancorp (CATY) Downgraded by BidaskClub to Sell
The Firm operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. State Of Tennessee Treasury Department invested in 0.02% or 80,000 shares. 348,277 shares of the company's stock traded hands.

Sky survives 'sticky moment' for Froome's yellow
Bennett finished 32nd, 6min 25sec behind Dutch stage victor Bauke Mollema, with several of his rivals finishing ahead of him. Meanwhile, Mollema of The Netherlands picked up his first win Tour de France stage win with his pace-pushing ride.

Girl, 15, dies after adverse reaction to drug
Police attended both the hospital and Bakers Park in Newton Abbot which was where the teenager in question was located. A 15-year-old girl has died after suffering an adverse reaction from a suspected drug, Devon and Cornwall Police said.

Disappointing Windies end World Cup on losing note
Opener Hayley Mathews (29 from 64 balls) and Chedean Nation (23 from 57) were the main contributor for West Indies . In reply, West Indies got a slow start and once they started losing wickets steadily, the innings fell apart.

Jordan soldier who killed US trainers jailed for life
The parents of one of the slain United States troops and the father and sister of another were present during Monday's session. Jordan initially said the Americans triggered the shooting by disobeying entry rules, a claim that was later withdrawn.