Himax Technologies (HIMX) to Release Quarterly Earnings on Thursday
Himax Technologies (NASDAQ:HIMX – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, August 11th. Himax Technologies has set its Q2 2022 guidance at $0.45-$0.50 EPS and its Q2 guidance at $0.45-0.50 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Himax Technologies (NASDAQ:HIMX – Get Rating) last announced its earnings results on Thursday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $412.81 million during the quarter. Himax Technologies had a return on equity of 62.49% and a net margin of 29.43%.
Himax Technologies Stock Up 2.7 %
Shares of NASDAQ:HIMX opened at $7.16 on Thursday. The firm has a market cap of $1.25 billion, a P/E ratio of 2.58 and a beta of 1.84. The company has a quick ratio of 1.74, a current ratio of 2.13 and a debt-to-equity ratio of 0.05. Himax Technologies has a 12-month low of $6.18 and a 12-month high of $16.50. The business has a fifty day simple moving average of $8.03 and a 200 day simple moving average of $9.57.
Himax Technologies Increases Dividend
The business also recently announced an annual dividend, which was paid on Tuesday, July 12th. Investors of record on Thursday, June 30th were given a dividend of $1.25 per share. This is a positive change from Himax Technologies’s previous annual dividend of $0.26. This represents a yield of 13.4%. The ex-dividend date was Wednesday, June 29th. Himax Technologies’s dividend payout ratio (DPR) is currently 44.60%.
Institutional Trading of Himax Technologies
A number of large investors have recently bought and sold shares of HIMX. Bank of New York Mellon Corp grew its stake in shares of Himax Technologies by 66.2% in the 1st quarter. Bank of New York Mellon Corp now owns 16,755 shares of the semiconductor company’s stock valued at $182,000 after buying an additional 6,675 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Himax Technologies in the 1st quarter valued at about $216,000. 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 semiconductor company’s stock valued at $230,000 after buying an additional 6,732 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Himax Technologies by 36.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 24,571 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 6,558 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Himax Technologies by 467.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 24,739 shares of the semiconductor company’s stock valued at $268,000 after acquiring an additional 20,376 shares in the last quarter. 26.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on HIMX shares. Nomura lowered Himax Technologies from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Thursday, April 7th. Credit Suisse Group downgraded Himax Technologies from an “outperform” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Thursday, July 14th. Finally, Nomura Instinet reiterated a “neutral” rating and set a $11.00 price target on shares of Himax Technologies in a report on Thursday, April 7th.
About Himax Technologies
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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