Himax Technologies (NASDAQ:HIMX) Releases Q2 2022 Earnings Guidance

Himax Technologies (NASDAQ:HIMXGet Rating) issued an update on its second quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.45-$0.50 for the period. The company issued revenue guidance of $330.25 million-$346.76 million.

HIMX stock traded down $0.06 during trading on Thursday, reaching $9.56. 10,612 shares of the company were exchanged, compared to its average volume of 2,384,598. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.13 and a quick ratio of 1.74. Himax Technologies has a twelve month low of $7.30 and a twelve month high of $17.30. The company has a 50-day moving average of $9.34 and a two-hundred day moving average of $10.75. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 3.46 and a beta of 2.01.

Himax Technologies (NASDAQ:HIMXGet Rating) last issued its earnings results on Thursday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $412.81 million for the quarter. Himax Technologies had a net margin of 29.43% and a return on equity of 62.49%.

The business also recently disclosed an annual dividend, which will be paid on Tuesday, July 12th. Shareholders of record on Thursday, June 30th will be given a $1.25 dividend. This is a positive change from Himax Technologies’s previous annual dividend of $0.26. The ex-dividend date is Wednesday, June 29th. This represents a yield of 13.4%. Himax Technologies’s payout ratio is currently 9.35%.

Several research firms have recently issued reports on HIMX. StockNews.com started coverage on shares of Himax Technologies in a research report on Thursday, March 31st. They issued a hold rating on the stock. Nomura Instinet reaffirmed a neutral rating and issued a $11.00 price objective on shares of Himax Technologies in a research note on Thursday, April 7th. Credit Suisse Group lowered their price target on shares of Himax Technologies from $18.00 to $13.80 in a report on Monday, May 16th. Finally, Nomura lowered shares of Himax Technologies from a buy rating to a neutral rating and set a $11.00 price target for the company. in a report on Thursday, April 7th.

Several institutional investors and hedge funds have recently bought and sold shares of HIMX. Lazard Asset Management LLC boosted its holdings in shares of Himax Technologies by 42.8% in the first quarter. Lazard Asset Management LLC now owns 4,014,668 shares of the semiconductor company’s stock worth $43,599,000 after buying an additional 1,203,057 shares during the last quarter. Morgan Stanley raised its stake in Himax Technologies by 243.6% during the 2nd quarter. Morgan Stanley now owns 1,212,299 shares of the semiconductor company’s stock worth $20,197,000 after acquiring an additional 859,438 shares during the period. Renaissance Technologies LLC raised its stake in Himax Technologies by 268.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,035,161 shares of the semiconductor company’s stock worth $11,242,000 after acquiring an additional 754,583 shares during the period. Marshall Wace LLP bought a new stake in Himax Technologies during the 4th quarter worth approximately $4,830,000. Finally, JPMorgan Chase & Co. raised its position in shares of Himax Technologies by 293.2% during the fourth quarter. JPMorgan Chase & Co. now owns 291,189 shares of the semiconductor company’s stock valued at $4,656,000 after buying an additional 217,129 shares during the last quarter. 26.96% of the stock is currently owned by institutional investors.

About Himax Technologies (Get Rating)

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 through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.

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