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.
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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.
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