Himax Technologies (HIMX) Earns Daily News Impact Rating of 0.17
News headlines about Himax Technologies (NASDAQ:HIMX) have trended somewhat positive this week, AlphaOne reports. The research group, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Himax Technologies earned a coverage optimism score of 0.17 on AlphaOne’s scale. AlphaOne also assigned news articles about the semiconductor company an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Alpha One Sentiment’s scoring:
- Himax Technologies, Inc. (HIMX) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Himax Technologies, Inc. (HIMX) Downgraded by ValuEngine (americanbankingnews.com)
- Himax Technologies is Now Oversold (HIMX) (nasdaq.com)
- Himax Technologies, Inc. (HIMX) Expected to Announce Earnings of $0.03 Per Share (americanbankingnews.com)
- Kayak Investment Partners LLC Buys Himax Technologies Inc, Microsoft Corp, Zillow Group Inc, Sells Micron … – GuruFocus.com (gurufocus.com)
Shares of Himax Technologies (NASDAQ:HIMX) traded up 4.16% during trading on Friday, reaching $6.76. The company had a trading volume of 3,061,715 shares. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 29.78 and a beta of 0.90. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $10.95. The company’s 50 day moving average is $7.61 and its 200-day moving average is $7.07.
Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, May 11th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $155.20 million for the quarter, compared to analyst estimates of $162.26 million. Himax Technologies had a return on equity of 11.71% and a net margin of 6.77%. The business’s revenue was down 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, equities research analysts anticipate that Himax Technologies will post $0.05 earnings per share for the current year.
Several analysts recently weighed in on the company. Morgan Stanley upgraded Himax Technologies from an “equal weight” rating to an “overweight” rating and set a $11.50 price target on the stock in a research note on Monday, March 27th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Himax Technologies in a research note on Wednesday, March 22nd. Macquarie assumed coverage on Himax Technologies in a research note on Monday, April 17th. They issued an “outperform” rating and a $12.00 price target on the stock. Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of Himax Technologies in a research note on Wednesday, April 26th. Finally, Robert W. Baird cut their target price on Himax Technologies from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, May 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.86.
About Himax Technologies
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.
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