The stock of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is a huge mover today! About 1.89 million shares traded hands. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has declined 30.70% since April 13, 2016 and is downtrending. It has underperformed by 34.62% the S&P500.
The move comes after 8 months positive chart setup for the $1.33B company. It was reported on Nov, 15 by Barchart.com. We have $9.75 PT which if reached, will make NASDAQ:HIMX worth $359.10 million more.
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 15 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was upgraded by Credit Suisse to “Neutral” on Friday, August 28. Robert W. Baird initiated the stock with “Outperform” rating in Friday, November 13 report. The firm has “Buy” rating by Chardan Capital Markets given on Monday, August 10. Nomura downgraded the stock to “Neutral” rating in Monday, September 26 report. The stock of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) earned “Buy” rating by Lake Street on Friday, February 5. The company was maintained on Wednesday, March 23 by Credit Suisse. The rating was initiated by Roth Capital with “Buy” on Thursday, September 29. As per Friday, December 11, the company rating was maintained by Topeka Capital Markets. The firm has “Buy” rating by Lake Street given on Friday, October 16. The company was upgraded on Thursday, December 3 by Northland Capital.
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 news for Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) were recently published by: Marketwatch.com, which released: “Himax Technologies Inc. ADR” on December 21, 2009. Fool.com‘s article titled: “Why Himax Technologies Inc. (ADR) Stock Plunged Today” and published on May 12, 2016 is yet another important article.
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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