$181.69 Million in Sales Expected for Himax Technologies, Inc. (HIMX) This Quarter
Wall Street brokerages forecast that Himax Technologies, Inc. (NASDAQ:HIMX) will announce $181.69 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Himax Technologies’ earnings. The lowest sales estimate is $180.80 million and the highest is $182.00 million. Himax Technologies reported sales of $197.15 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.8%. The company is expected to issue its next quarterly earnings report on Thursday, November 8th.
According to Zacks, analysts expect that Himax Technologies will report full-year sales of $732.10 million for the current fiscal year, with estimates ranging from $708.01 million to $821.18 million. For the next fiscal year, analysts expect that the business will post sales of $833.47 million per share, with estimates ranging from $738.00 million to $994.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Himax Technologies.
Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $181.40 million during the quarter, compared to analysts’ expectations of $181.78 million. Himax Technologies had a net margin of 3.66% and a return on equity of 6.12%. The business’s quarterly revenue was up 19.6% on a year-over-year basis.
NASDAQ:HIMX traded down $0.06 during mid-day trading on Wednesday, hitting $6.08. 643,400 shares of the stock traded hands, compared to its average volume of 2,840,542. Himax Technologies has a 12-month low of $5.70 and a 12-month high of $13.95. The stock has a market cap of $1.05 billion, a P/E ratio of 38.06 and a beta of -0.25.
A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new stake in Himax Technologies during the 2nd quarter valued at about $153,000. Sheets Smith Wealth Management purchased a new stake in Himax Technologies during the 2nd quarter valued at about $183,000. Engineers Gate Manager LP purchased a new stake in Himax Technologies during the 2nd quarter valued at about $201,000. WESPAC Advisors SoCal LLC purchased a new stake in Himax Technologies during the 2nd quarter valued at about $227,000. Finally, Stevens Capital Management LP purchased a new stake in Himax Technologies during the 1st quarter valued at about $203,000. 23.43% of the stock is currently owned by institutional investors.
About Himax Technologies
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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