Stock News Buzz: Himax Technologies (NASDAQ:HIMX)

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Himax Technologies (NASDAQ:HIMX) changed 11.38% to recent value of $3.62. The stock transacted 7405029 shares during most recent day however it has an average volume of 944.42K shares. It spotted trading -14.22% off 52-week high price. On the other end, the stock has been noted 112.94% away from the low price over the last 52-weeks.

On Jan. 7, 2020, Himax Technologies (NASDAQ:HIMX) a leading supplier and fabless manufacturer of display drivers and other semiconductor products,  pre- reported preliminary unaudited key financial results for the three months ended December 31st, 2019. The fourth quarter results exceeded its revenues, gross margin and EPS guidance issued on November 7th, 2019.

  • Revenues were $174.9 million, an increase of 6.5% sequentially versus the guidance of approximately flat to the previous quarter.
  • Gross Margin was 20.6% versus the guidance of a slight increase from the third quarter’s 19.5%.
  • IFRS earnings per diluted ADS were expected to be in the range of 0.3 to 0.6 cents, exceeding the guidance a loss of around 3.0 to 4.5 cents per diluted ADS. The better-than-expected earnings include a revaluation gain of $3.8 million, or 2.2 cents per diluted ADS, from an investment in an AI related startup made during November of 2017. The revaluation gain was not included in the November guidance.
  • Non-IFRS earnings per diluted ADS were expected to be in the range of 0.6 to 0.9 cents, exceeding the guidance of a loss of around 2.7 to 4.2 cents per diluted ADS. Likewise, the non-IFRS earnings have included the revaluation gain.

The Company will provide its full financial report at the next conference call with investors and analysts in February. The exact date will be announced soon.

 HIMX has a gross margin of 21.50% and an operating margin of -1.70% while its profit margin remained -0.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained -73.40% for this year while earning per share for the next 5-years is expected to reach at 25.00%.

 The company has 157.52M of outstanding shares and 148.70M shares were floated in the market. According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 41.66% from the mean of 20 days, 46.39% from mean of 50 days SMA and performed 29.73% from mean of 200 days price. Company’s performance for the week was 44.80%, 60.18% for month and YTD performance remained 36.09%.

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