Himax Technologies (NASDAQ:HIMX) Announces Quarterly Earnings Results

Himax Technologies (NASDAQ:HIMX) announced its quarterly earnings results on Thursday. The semiconductor company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02, Briefing.com reports. Himax Technologies had a return on equity of 6.42% and a net margin of 5.35%. The firm had revenue of $207.60 million for the quarter, compared to analyst estimates of $203.40 million. During the same period last year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was down 15.0% on a year-over-year basis. Himax Technologies updated its Q2 2024 guidance to 0.130-0.170 EPS.

Himax Technologies Trading Up 2.6 %

Shares of Himax Technologies stock traded up $0.15 during midday trading on Friday, reaching $5.85. The company had a trading volume of 745,687 shares, compared to its average volume of 706,445. The stock has a fifty day moving average price of $5.35 and a 200 day moving average price of $5.64. Himax Technologies has a fifty-two week low of $4.80 and a fifty-two week high of $7.70. The firm has a market cap of $1.02 billion, a PE ratio of 20.28 and a beta of 2.02. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.39.

Himax Technologies Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.29 per share. This represents a yield of 5.09%. The ex-dividend date of this dividend is Friday, June 28th. Himax Technologies’s payout ratio is 162.07%.

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.