Himax Technologies (NASDAQ:HIMX) Updates Q4 Earnings Guidance

Himax Technologies (NASDAQ:HIMX) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.09-0.11 for the period, compared to the consensus EPS estimate of $0.14. The company issued revenue guidance of flat to slighly down qtr/qtr, compared to the consensus revenue estimate of $209.80 million. Himax Technologies also updated its Q4 2024 guidance to 0.093-0.110 EPS.

Wall Street Analysts Forecast Growth

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

Himax Technologies Price Performance

Shares of Himax Technologies stock traded up $0.07 on Thursday, hitting $6.02. The company had a trading volume of 452,599 shares, compared to its average volume of 786,427. Himax Technologies has a 52 week low of $4.80 and a 52 week high of $8.73. The company has a market cap of $1.05 billion, a PE ratio of 13.84 and a beta of 2.10. The business has a 50-day simple moving average of $5.78 and a 200-day simple moving average of $6.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.32.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Friday, August 9th. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Himax Technologies had a return on equity of 8.94% and a net margin of 8.42%. The business had revenue of $239.60 million during the quarter, compared to analyst estimates of $232.78 million. During the same quarter last year, the company posted $0.01 EPS. Himax Technologies’s revenue for the quarter was up 2.0% on a year-over-year basis.

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.