Himax Technologies (NASDAQ:HIMX) Updates Q3 Earnings Guidance

Himax Technologies (NASDAQ:HIMX) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.02-0.05 for the period, compared to the consensus estimate of $0.08. The company issued revenue guidance of decline 12-17% sequentially to ~$198.9-210.8 million, compared to the consensus revenue estimate of $242.79 million. Himax Technologies also updated its Q3 2024 guidance to 0.015-0.045 EPS.

Himax Technologies Price Performance

HIMX stock traded down $0.17 during trading on Friday, hitting $5.55. The company had a trading volume of 621,588 shares, compared to its average volume of 828,461. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $7.26 and a two-hundred day moving average price of $6.18. Himax Technologies has a fifty-two week low of $4.80 and a fifty-two week high of $8.73. The company has a market cap of $969.72 million, a P/E ratio of 20.56 and a beta of 2.21.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, August 8th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $239.60 million during the quarter, compared to analysts’ expectations of $232.78 million. Himax Technologies had a net margin of 5.30% and a return on equity of 5.66%. Himax Technologies’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share.

Himax Technologies Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a dividend yield of 5.09%. Himax Technologies’s dividend payout ratio (DPR) is currently 103.70%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Himax Technologies from a buy rating to a hold rating in a 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.