Himax Technologies (ADR) (HIMX) Releases Earnings Results, Beats Expectations By $0.01 EPS

Himax Technologies (ADR) (HIMX) reported quarterly earnings results on Thursday, May-12-2016. The company said it had a profit of $0.08 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 $0.07. The company posted revenue of $180.30 million in the period, compared to analysts expectations of $181.47 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Himax Technologies (ADR). Company shares were Reiterated by Craig Hallum on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $11 .Company shares were Reiterated by Topeka Capital Markets on Mar 14, 2016 to “Buy”, Firm has raised the Price Target to $ 13.50 from a previous price target of $10 .Company shares were Upgraded by Craig Hallum on Feb 23, 2016 to ” Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $8 .

Himax Technologies (ADR) opened for trading at $10.18 and hit $10.5 on the upside on Tuesday, eventually ending the session at $10.45, with a gain of 2.35% or 0.24 points. The heightened volatility saw the trading volume jump to 33,84,745 shares. Company has a market cap of $1,796 M.

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 metal–oxide–semiconductor 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.

Himax Technologies  (ADR)

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