Himax Technologies (NASDAQ:HIMX) Profit Hikes in First Quarter on Higher Margins – HIMX, SPIL, NXPI, IMOS

The Tainan, Taiwan-based Himax Technologies, Inc (ADR) (NASDAQ:HIMX) declared a profit for fiscal Q1 that boosted 24% from previous year, showing higher margins and sales expansion.

Taiwanese Semiconductor Company’s first quarter revenue lifted view, gross margin and earnings per share outlook. The corporation offered a positive guidance for full-year 2013with strong expansion in small and medium-sized driver and non-driver products.

Himax Technologies posted net income for three months period was $14.03 million or $0.082 an American Depositary Shares, over $11.31 million or $0.066 per ADS in the similar period a year ago.

Adjusted quarterly net income was $15.0 million or $0.088 a ADS without special items, evaluated against $12.1 million or $0.071 per ADS in the similar period a year ago.

Thomson Reuters three analysts survey on average forecasted to announce earnings of $0.07 a share for three months period.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Siliconware Precision Industries (ADR) (NASDAQ:SPIL) fell -1.84% to settle at $5.86, NXP Semiconductors NV (NASDAQ:NXPI) moved up +1.17% to end at $28.54 while ChipMOS Technologies (Bermuda) Ltd (NASDAQ:IMOS) jumped +3.36% to finish at $15.69 on Tuesday.

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) on May 07, 2013 increased +9.17% to the closing price of $6.55. The overall volume in the last trading session was 15.51 million shares. Its fifty two weeks range was $1.47 – $7.10. The total market capitalization remained at $1.11 billion.

HIMX is ahead of its 52-week low with 345.58% and lagging behind from its 52-week high price with -7.75%. HIMX’s last month’s stock price volatility remained 9.27%. In its share capital HIMX has 169.57 million outstanding shares, among them 148.70 million shares have been floated in market exchange. HIMX’s stock’s institutional ownership remained 14.45% while insider ownership included 12.38%.

The stock price of HIMX is moving forward from its 20 days moving average with 12.36% and remote positively from 50 days moving average with 33.46%. HIMX’s current year’s earnings per share experienced an addition with 395.70% while its current quarter performance remained at 129.82%. Company’s beta coefficient included 1.76. Beta factors measure the amount of market risk associated with market trade.

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