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

Himax Technologies (NASDAQ:HIMX - Get Free Report) is projected to issue its quarterly earnings data 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.Investors that are interested in registering for the company's conference call can do so using this link.

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

Himax Technologies Stock Up 4.0 %

Shares of NASDAQ:HIMX traded up $0.38 during trading on Friday, reaching $10.09. 4,962,389 shares of the company traded hands, compared to its average volume of 5,203,066. The firm has a fifty day simple moving average of $7.71 and a 200 day simple moving average of $6.58. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. Himax Technologies has a 1-year low of $4.80 and a 1-year high of $13.91. The firm has a market cap of $1.76 billion, a P/E ratio of 22.94 and a beta of 1.94.

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

Wall Street Analyst Weigh In

Separately, Robert W. Baird boosted their target price on shares of Himax Technologies from $7.00 to $15.00 and gave the stock an "outperform" rating in a research report 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.