Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2019 Financial Results; Provides First Quarter 2020 Guidance
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Himax Technologies (HIMX) PT Raised to $6.50 at Lake Street Capital Markets
February 13, 2020 1:42 PM ESTLake Street Capital Markets analyst Jaeson Schmidt raised the price target on Himax Technologies (NASDAQ: HIMX) to $6.50 while maintaining a Buy rating.
much to like in Q4, and growth set for a significant snapback this year.... MoreHimax Technologies (HIMX) Tops Q4 EPS by 3c, Revenues Beat
February 13, 2020 5:46 AM ESTHimax Technologies (NASDAQ: HIMX) reported Q4 EPS of $0.01, $0.03 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $174.9 million versus the consensus estimate of $166.17 million.
Q4 revenue increased 6.5% sequentially to $174.9M, exceeding the guidance of around flat sequentiallyProduct sales: large driver ICs, 33.1% of revenue, up 15.6% QoQ; small and medium-sized driver ICs, 46.4% of revenue, up 5.1% QoQ; non-driver products, 20.5% of revenue, down 3.0% QoQQ4 IFRS gross margin was 20.6%, up 110 bps sequentially, exceeding the guidance of a slight increase from the third quarters 19.5%Q4 IFRS profit... More