Himax Technologies (NASDAQ:HIMX) Announces Quarterly Earnings Results

Himax Technologies (NASDAQ:HIMX) released its quarterly earnings data on Thursday. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03, Briefing.com reports. Himax Technologies had a net margin of 8.42% and a return on equity of 8.94%. The company had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $205.93 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business’s revenue was down 6.8% on a year-over-year basis. Himax Technologies updated its Q4 2024 guidance to 0.093-0.110 EPS and its Q4 guidance to $0.09-0.11 EPS.

Himax Technologies Stock Up 2.3 %

HIMX stock traded up $0.13 during midday trading on Friday, reaching $5.90. 785,647 shares of the company’s stock traded hands, compared to its average volume of 791,486. Himax Technologies has a 52 week low of $4.80 and a 52 week high of $8.73. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 13.32 and a beta of 2.10. The firm’s fifty day moving average price is $5.78 and its 200-day moving average price is $6.30. The company has a quick ratio of 1.32, a current ratio of 1.58 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

Separately, StockNews.com lowered Himax Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.