Himax Technologies, Inc. Reports Second Quarter 2018 Financial Results and Provides Third Quarter 2018 Guidance

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Go back to Himax Technologies, Inc. Reports Second Quarter 2018 Financial Results and Provides Third Quarter 2018 Guidance

Himax (HIMX) PT Lowered to $8 at Lake Street Capital

August 9, 2018 12:21 PM EDT

Lake Street Capital Markets lowers its price target on Himax Technologies (NASDAQ: HIMX) to $8.00 while maintaining a Buy rating following results.

For an analyst ratings summary and ratings history on Himax Technologies click here. For more ratings news on Himax Technologies click here.

Shares of Himax Technologies closed at $6.61 yesterday.

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Himax Technologies (HIMX) Tops Q2 EPS by 0.3c; Offers 3Q EPS Guidance Below Consensus

August 9, 2018 6:16 AM EDT

Himax Technologies (NASDAQ: HIMX) reported Q2 EPS of $0.013, $0.00 better than the analyst estimate of $0.01. Revenue for the quarter came in at $181.4 million versus the consensus estimate of $181.6 million.

Q2 revenue increased 11.4% QoQ to $181.4M, came in at the mid-point of the Companys guidance

Product sales: large driver ICs, 33.4% of revenue, up 2.2% QoQ; small and medium-sized driver ICs, 49.2% of revenue, up 24.5% QoQ; non-driver products, 17.4% of revenue, down 1.1% QoQQ2 IFRS gross margin was 23%, up 50 bps sequentially due to improved product mixQ2 IFRS profit was $2.0M, or 1.2 cents per... More