Zacks: Analysts Anticipate Himax Technologies, Inc. (HIMX) Will Announce Quarterly Sales of $187.41 Million

Equities research analysts expect Himax Technologies, Inc. (NASDAQ:HIMX) to post sales of $187.41 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Himax Technologies’ earnings, with the lowest sales estimate coming in at $183.35 million and the highest estimate coming in at $192.50 million. Himax Technologies posted sales of $203.44 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The business is scheduled to issue its next earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Himax Technologies will report full-year sales of $187.41 million for the current financial year, with estimates ranging from $687.43 million to $700.80 million. For the next fiscal year, analysts forecast that the business will post sales of $859.83 million per share, with estimates ranging from $768.20 million to $936.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Himax Technologies.

A number of equities analysts recently commented on HIMX shares. Mizuho downgraded Himax Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 11th. Roth Capital reiterated a “buy” rating and set a $10.00 price objective on shares of Himax Technologies in a research report on Tuesday, September 5th. Robert W. Baird reiterated a “buy” rating on shares of Himax Technologies in a research report on Sunday, October 22nd. Morgan Stanley downgraded Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a research report on Monday, November 27th. Finally, Vetr upgraded Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective on the stock in a research report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Himax Technologies presently has a consensus rating of “Hold” and an average price target of $10.24.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Investment Counsel Inc purchased a new stake in shares of Himax Technologies in the 2nd quarter valued at about $109,000. Stifel Financial Corp purchased a new stake in shares of Himax Technologies in the 2nd quarter valued at about $126,000. Private Advisor Group LLC lifted its holdings in shares of Himax Technologies by 19.7% in the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 2,850 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in shares of Himax Technologies in the 2nd quarter valued at about $145,000. Finally, Northern Trust Corp lifted its holdings in shares of Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after purchasing an additional 1,583 shares during the last quarter. 26.90% of the stock is owned by institutional investors.

Shares of Himax Technologies (NASDAQ HIMX) opened at $10.86 on Tuesday. The company has a market capitalization of $1,807.09, a PE ratio of 175.00, a P/E/G ratio of 2.52 and a beta of 0.85. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $13.95.

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About Himax Technologies

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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Earnings History and Estimates for Himax Technologies (NASDAQ:HIMX)

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