Himax Technologies (NASDAQ:HIMX) announced its quarterly earnings results on Thursday. The semiconductor company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03), RTT News reports. Himax Technologies had a return on equity of 0.76% and a net margin of 0.26%. The company had revenue of $169.30 million during the quarter, compared to analyst estimates of $170.16 million. During the same quarter last year, the firm posted $0.01 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. Himax Technologies updated its Q3 2019 guidance to $-0.05–0.03 EPS.
Himax Technologies stock traded down $0.37 on Friday, hitting $2.34. 2,445,477 shares of the stock traded hands, compared to its average volume of 1,312,748. The stock has a market capitalization of $466.51 million, a price-to-earnings ratio of 39.00 and a beta of 0.04. The firm has a fifty day moving average of $3.22. Himax Technologies has a 1 year low of $2.32 and a 1 year high of $6.78.
Institutional investors have recently made changes to their positions in the business. TRUE Private Wealth Advisors purchased a new position in Himax Technologies during the second quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Himax Technologies by 201.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,007 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 6,024 shares during the period. FNY Investment Advisers LLC lifted its position in Himax Technologies by 2,600.0% during the second quarter. FNY Investment Advisers LLC now owns 15,000 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 15,600 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Himax Technologies during the second quarter valued at $80,000. Finally, Aperio Group LLC lifted its position in Himax Technologies by 178.1% during the second quarter. Aperio Group LLC now owns 41,321 shares of the semiconductor company’s stock valued at $144,000 after buying an additional 26,462 shares during the period. 10.00% of the stock is owned by institutional investors and hedge funds.
About Himax Technologies
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
See Also: Commodities
Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.