Himax Technologies (ADR) (HIMX) reported quarterly earnings results on Thursday, Aug-11-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.11. The company posted revenue of $201.10 million in the period, compared to analysts expectations of $201.05 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on Himax Technologies (ADR). Himax Technologies (ADR) was Upgraded by Nomura to ” Buy” on Jul 5, 2016.
Himax Technologies (ADR) closed down -0.02 points or -0.25% at $8.11 with 18,91,887 shares getting traded on Monday. Post opening the session at $8.15, the shares hit an intraday low of $8.08 and an intraday high of $8.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Himax Technologies Inc. is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions laptops monitors mobile phones tablets digital cameras car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products. Additionally the Company designs and provides controllers for touch sensor displays Liquid crystal on silicon micro-displays used in palm-size projectors and head-mounted displays light-emitting diode driver ICs power management ICs scaler products for monitors and projectors video processing IC solutions and silicon IPs. It also offers digital camera solutions including Complementary metaloxidesemiconductor image sensors and wafer level optics which are used in applications such as mobile phone tablet laptop televisions personal computer camera automobile security and medical devices.