Himax Technologies (NASDAQ:HIMX) Issues Earnings Results, Beats Expectations By $0.03 EPS

Himax Technologies (NASDAQ:HIMX) announced its quarterly earnings results on Thursday. The semiconductor company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03, Briefing.com reports. Himax Technologies had a net margin of 8.42% and a return on equity of 8.94%. The firm had revenue of $222.40 million during the quarter, compared to analysts’ expectations of $205.93 million. During the same quarter last year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. Himax Technologies updated its Q4 2024 guidance to 0.093-0.110 EPS and its Q4 guidance to $0.09-0.11 EPS.

Himax Technologies Price Performance

NASDAQ:HIMX traded up $0.13 on Friday, hitting $5.90. The company had a trading volume of 785,613 shares, compared to its average volume of 791,486. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.32 and a beta of 2.10. The company has a current ratio of 1.58, a quick ratio of 1.32 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $5.78 and a two-hundred day moving average of $6.30. Himax Technologies has a 52 week low of $4.80 and a 52 week high of $8.73.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.