Himax Technologies (HIMX) Projected to Post Quarterly Earnings on Tuesday

Himax Technologies (NASDAQ:HIMX - Get Free Report) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $221.09 million for the quarter. Himax Technologies has set its Q4 2024 guidance at 0.093-0.110 EPS and its Q4 guidance at $0.09-0.11 EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. The company had revenue of $222.40 million during the quarter, compared to analysts' expectations of $205.93 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm's revenue for the quarter was down 6.8% on a year-over-year basis.

Himax Technologies Stock Performance

HIMX traded down $0.52 on Wednesday, reaching $9.78. The stock had a trading volume of 4,295,943 shares, compared to its average volume of 5,201,313. The business's 50-day moving average price is $8.17 and its two-hundred day moving average price is $6.65. Himax Technologies has a 12-month low of $4.80 and a 12-month high of $13.91. The company has a market cap of $1.71 billion, a P/E ratio of 22.23 and a beta of 2.00. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03.

Himax Technologies declared that its Board of Directors has approved a share repurchase program on Wednesday, December 4th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price target on shares of Himax Technologies from $7.00 to $15.00 and gave the company an "outperform" rating in a research note on Friday, December 13th.

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.