Equities analysts predict that Himax (NASDAQ:HIMX) will announce sales of $180.38 million for the current quarter, Zacks reports. Four analysts have issued estimates for Himax’s earnings, with estimates ranging from $175.50 million to $182.40 million. Himax reported sales of $151.73 million during the same quarter last year, which indicates a positive year over year growth rate of 18.9%. The company is scheduled to report its next earnings results on Thursday, August 2nd.
On average, analysts expect that Himax will report full year sales of $778.52 million for the current financial year, with estimates ranging from $718.80 million to $931.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $901.78 million per share, with estimates ranging from $771.80 million to $1.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Himax.
Himax (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, May 10th. The semiconductor company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $162.85 million for the quarter, compared to analyst estimates of $160.67 million. Himax had a net margin of 3.43% and a return on equity of 5.53%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS.
Several hedge funds have recently added to or reduced their stakes in HIMX. Bloom Tree Partners LLC bought a new position in shares of Himax during the 1st quarter valued at $14,780,000. KADENSA CAPITAL Ltd bought a new position in shares of Himax during the 4th quarter valued at $8,202,000. CI Investments Inc. grew its holdings in shares of Himax by 74.6% during the 4th quarter. CI Investments Inc. now owns 1,162,000 shares of the semiconductor company’s stock valued at $12,108,000 after purchasing an additional 496,300 shares during the last quarter. QVT Financial LP bought a new position in shares of Himax during the 4th quarter valued at $5,038,000. Finally, NF Trinity Capital Hong Kong Ltd bought a new position in shares of Himax during the 4th quarter valued at $4,897,000. 32.50% of the stock is currently owned by institutional investors.
Shares of Himax traded down $0.16, reaching $7.21, during trading on Monday, MarketBeat.com reports. The company had a trading volume of 90,487 shares, compared to its average volume of 3,672,569. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 45.19, a PEG ratio of 2.40 and a beta of 0.36. Himax has a 12 month low of $7.21 and a 12 month high of $7.36.
Himax Company Profile
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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