The stock of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is a huge mover today! About 1.93M shares traded hands. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has declined 16.95% since March 15, 2016 and is downtrending. It has underperformed by 22.44% the S&P500.
The move comes after 5 months positive chart setup for the $1.56B company. It was reported on Oct, 18 by Barchart.com. We have $11.08 PT which if reached, will make NASDAQ:HIMX worth $343.20M 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 $18.90 million for 20.64 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. On Wednesday, October 21 the stock rating was downgraded by Northland Capital to “Market Perform”. Chardan Capital Markets maintained the shares of HIMX in a report on Monday, August 10 with “Buy” rating. Robert W. Baird initiated the stock with “Outperform” rating in Friday, November 13 report. Lake Street maintained Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) on Friday, February 5 with “Buy” rating. As per Thursday, November 12, the company rating was maintained by Northland Capital. The company was maintained on Friday, December 11 by Topeka Capital Markets. The firm has “Buy” rating given on Thursday, September 29 by Roth Capital. The rating was downgraded by Nomura on Monday, September 26 to “Neutral”. The firm has “Overweight” rating given on Monday, November 23 by Morgan Stanley. The company was upgraded on Tuesday, February 23 by Craig Hallum.
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 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 published the news titled: “Himax Technologies Inc. ADR” on December 21, 2009. Investorplace.com‘s news article titled: “3 Stocks to Watch on Thursday: Kohl’s Corporation (KSS), Himax Technologies …” with publication date: August 11, 2016 was also an interesting one.
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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