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

Himax Technologies (NASDAQ:HIMX) issued its quarterly earnings data on Thursday. The semiconductor company reported $0.07 EPS for the quarter, beating the consensus estimate 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 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. Himax Technologies’s revenue for the quarter was down 6.8% on a year-over-year basis. 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 Stock Up 2.3 %

NASDAQ:HIMX traded up $0.13 on Friday, reaching $5.90. 785,613 shares of the stock traded hands, compared to its average volume of 791,486. The company 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. Himax Technologies has a 12 month low of $4.80 and a 12 month high of $8.73. The company’s fifty day simple moving average is $5.78 and its 200 day simple moving average is $6.30.

Analyst Upgrades and Downgrades

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

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 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.