The stock of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is a huge mover today! About 2.71M shares traded hands. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has declined 13.14% since February 29, 2016 and is downtrending. It has underperformed by 25.36% the S&P500.
The move comes after 8 months positive chart setup for the $1.51 billion company. It was reported on Oct, 3 by Barchart.com. We have $10.89 PT which if reached, will make NASDAQ:HIMX worth $392.60 million more.
Analysts await Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) to report earnings on November, 10. They expect $0.11 EPS, up 1,200.00% or $0.12 from last year’s $-0.01 per share. HIMX’s profit will be $19.25M for 19.61 P/E if the $0.11 EPS becomes a reality. After $0.12 actual EPS reported by Himax Technologies, Inc. (ADR) for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) Ratings Coverage
Out of 10 analysts covering Himax Tech (NASDAQ:HIMX), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. Himax Tech has been the topic of 14 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Lake Street maintained Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) on Friday, October 16 with “Buy” rating. Northland Capital upgraded Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) on Thursday, December 3 to “Outperform” rating. Topeka Capital Markets maintained Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) on Friday, December 11 with “Buy” rating. The stock of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has “Neutral” rating given on Monday, September 26 by Nomura. On Tuesday, February 23 the stock rating was upgraded by Craig Hallum to “Buy”. Credit Suisse maintained Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) on Wednesday, March 23 with “Outperform” rating. Northland Capital downgraded the stock to “Market Perform” rating in Wednesday, October 21 report. The stock has “Neutral” rating given by Credit Suisse on Friday, August 28. The firm has “Buy” rating by Lake Street given on Friday, February 5. The rating was initiated by Morgan Stanley on Monday, November 23 with “Overweight”.
According to Zacks Investment Research, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays.”
More notable recent Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) news were published by: Fool.com which released: “Why Himax Technologies Inc. (ADR) Stock Plunged Today” on May 12, 2016, also Marketwatch.com with their article: “Himax Technologies Inc. ADR” published on December 21, 2009, Schaeffersresearch.com published: “Analyst Upgrades: eBay Inc, Himax Technologies, Inc., and Ambarella Inc” on September 29, 2016. More interesting news about Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on February 12, 2011 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Thursday: Kohl’s Corporation (KSS), Himax Technologies …” with publication date: August 11, 2016.
HIMX Company Profile
Himax Technologies, Inc. (Himax), incorporated on April 26, 2005, is a fabless semiconductor solution provider. The Firm is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Firm operates through two divisions: Driver IC and Non-driver products. In addition, the Company creates and provides controllers for touch sensor displays, liquid crystal on silicon (LCOS) micro-displays used in palm-size projectors and head-mounted displays, light-emitting diode (LED) driver ICs, power management ICs, scaler products for monitors and projectors, video processing IC solutions and silicon IPs. It also offers digital camera solutions, including complementary metal-oxide-semiconductor (CMOS) image sensors and wafer level optics, which are used in a range of applications, such as mobile phone, tablet, laptop, televisions, personal computer camera, automobile, security and medical devices.
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