The stock of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) is a huge mover today! About 1.96M shares traded hands. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has declined 28.58% since April 6, 2016 and is downtrending. It has underperformed by 30.54% the S&P500.
The move comes after 7 months negative chart setup for the $1.33B company. It was reported on Nov, 8 by Barchart.com. We have $7.14 PT which if reached, will make NASDAQ:HIMX worth $79.80M less.
Analysts await Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) to report earnings on November, 10. They expect $0.11 earnings per share, up 1,200.00% or $0.12 from last year’s $-0.01 per share. HIMX’s profit will be $19.25M for 17.27 P/E if the $0.11 EPS becomes a reality. After $0.12 actual earnings per share 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 15 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has “Buy” rating given on Thursday, September 29 by Roth Capital. The firm has “Neutral” rating given on Friday, August 28 by Credit Suisse. On Friday, October 16 the stock rating was maintained by Lake Street with “Buy”. The company was upgraded on Tuesday, February 23 by Craig Hallum. The firm earned “Market Perform” rating on Wednesday, October 21 by Northland Capital. As per Friday, February 5, the company rating was maintained by Lake Street. Northland Capital upgraded Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) on Thursday, December 3 to “Outperform” rating. The stock of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has “Neutral” rating given on Monday, September 26 by Nomura. Topeka Capital Markets maintained the shares of HIMX in a report on Friday, December 11 with “Buy” rating. As per Monday, November 23, the company rating was initiated by Morgan Stanley.
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: Marketwatch.com which released: “Himax Technologies Inc. ADR” on December 21, 2009. Also Fool.com published the news titled: “Why Himax Technologies Inc. (ADR) Stock Plunged Today” on May 12, 2016. Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 12, 2011 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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