Himax Technologies (NASDAQ: HIMX) Updates Q2 2022 Earnings Guidance


Himax Technologies (NASDAQ: HIMXGet Rating) updated its second quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $ 0.45- $ 0.50 for the period. The company issued revenue guidance of $ 330.25 million- $ 346.76 million.

A number of brokerages have commented on HIMX. StockNews.com initiated coverage on shares of Himax Technologies in a report on Thursday, March 31st. They issued a hold rating for the company. Nomura lowered shares of Himax Technologies from a buy rating to a neutral rating and set a $ 11.00 price target on the stock. in a report on Thursday, April 7th. Nomura Instinet reiterated a neutral rating and set a $ 11.00 price objective on shares of Himax Technologies in a report on Thursday, April 7th. Finally, Credit Suisse Group dropped their target price on Himax Technologies from $ 18.00 to $ 13.80 in a research note on Monday, May 16th.

NASDAQ HIMX opened at $ 9.47 on Thursday. Himax Technologies has a 12-month low of $ 7.30 and a 12-month high of $ 17.30. The company has a fifty day simple moving average of $ 9.55 and a two-hundred day simple moving average of $ 10.76. The company has a current ratio of 2.13, a quick ratio of 1.74 and a debt-to-equity ratio of 0.05. The stock has a market cap of $ 1.65 billion, a P / E ratio of 3.41 and a beta of 2.00.

Himax Technologies (NASDAQ: HIMXGet Rating) last announced its quarterly earnings results on Thursday, May 12th. The semiconductor company reported $ 0.70 earnings per share for the quarter, hitting the consensus estimate of $ 0.70. The company had revenue of $ 412.81 million for the quarter. Himax Technologies had a return on equity of 62.49% and a net margin of 29.43%.

The business also recently declared an annual dividend, which will be paid on Tuesday, July 12th. Investors of record on Thursday, June 30th will be paid a $ 1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This is a positive change from Himax Technologies’ previous annual dividend of $ 0.26. This represents a yield of 13.4%. Himax Technologies’s dividend payout ratio (DPR) is currently 9.35%.

Hedge funds have recently made changes to their positions in the business. Harbor Investments Inc. increased its stake in shares of Himax Technologies by 241.6% in the 4th quarter. Harbor Investments Inc. now owns 1,800 shares of the company’s semiconductor stock worth $ 29,000 after acquiring an additional 1,273 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in Himax Technologies during the third quarter worth about $ 72,000. Bank of New York Mellon Corp purchased a new position in Himax Technologies during the third quarter worth about $ 113,000. Advisory Services Network LLC acquired a new position in Himax Technologies in the 1st quarter valued at about $ 216,000. Finally, Allianz Asset Management GmbH grew its stake in shares of Himax Technologies by 46.5% in the 1st quarter. Allianz Asset Management GmbH now owns 21,222 shares of the company’s semiconductor stock valued at $ 230,000 after buying an additional 6,732 shares during the period. Institutional investors own 26.96% of the company’s stock.

About Himax Technologies (Get Rating)

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 through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.

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