Himax Technologies (NASDAQ:HIMX) Issues Earnings Results

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

Himax Technologies Trading Up 3.0 %

Shares of NASDAQ HIMX traded up $0.17 during midday trading on Friday, hitting $5.87. The stock had a trading volume of 670,471 shares, compared to its average volume of 705,687. 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 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 $1.03 billion, a P/E ratio of 20.28 and a beta of 2.02. The company’s 50-day simple moving average is $5.35 and its 200 day simple moving average is $5.64.

Himax Technologies Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a dividend yield of 5.09%. Himax Technologies’s dividend payout ratio (DPR) is currently 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.