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Himax Technologies ADR Up 1.98% To $7.22 After Earnings

Thursday, August 11, 2022 01:26 PM | InvestorsObserver Analysts
Himax Technologies ADR Up 1.98% To $7.22 After Earnings

Thursday, August 11, 2022 - Himax Technologies ADR (HIMX) reported upside earnings and revenues today.

The company reported an EPS of $0.44. The firm reported an EPS of $0.62 in the year-ago quarter. The decline in Himax Technologies ADR's annual growth rate represents how the business isn't performing well amid current economic conditions.

Revenues were upbeat at $312.6 million. That revenue figure represents a 14.42% decrease from the year ago quarter.

The stock is up 1.98% to $7.22 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Sell which may get revised based on this new data.

Trading in the five days leading up to the report earned Himax Technologies ADR a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 31. Meanwhile, the average Wall Street analyst rated the stock a Sell.

Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue gets derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.

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