Stock in Queue: Himax Technologies (HIMX)

Mae Love
February 18, 2018

(NASDAQ:HIMX) earned "Sell" rating by Rosenblatt on Friday, July 21. The stock had previously closed at $8.88, but opened at $8.29.

Himax Technologies, Inc. (HIMX) has the market capitalization of $1.35 Billion. The consensus mean EPS for the current quarter is at $0.14 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings.

Analysts believe that the company has the potential to earn average revenue of $181.48 Million for the current quarter. Trading volume for Himax Technologies, Inc. was 6.64 Million in its previous trading session.

While considering growth estimates of the company, it has next quarter growth estimates of 300% whereas during current quarter it has 366.7% estimations over growth, comparing to the estimations of -42.9% during current year and 90% for next year. The firm has price to earnings growth of 5.35, which is a valuation metric for determining relative trade-off among price of a stock.

HIMX has been the subject of several recent analyst reports. (HIMX) on Tuesday reported fourth-quarter profit of $23.5 million. Evaluating stocks to buy and sell can be a tricky business, even with all of the data available at your fingertips.

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Among 12 analysts covering Himax Tech (NASDAQ:HIMX), 7 have Buy rating, 2 Sell and 3 Hold. Finally, Morgan Stanley lowered Himax Technologies from an "overweight" rating to an "equal weight" rating and set a $12.00 price target for the a research report on Monday, November 27th. 0 analysts gave its stock an Outperform rating. Himax Technologies presently has an average rating of "Hold" and an average target price of $10.86.

A number of hedge funds and other institutional investors have recently modified their holdings of HIMX. Can acquired a new stake in Himax Technologies during the 1st quarter worth approximately $750,000. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company's stock worth $130,000 after acquiring an additional 77 shares during the period.

Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The company's quarterly revenue was down 11.0% on a year-over-year basis. Himax Technologies had a return on equity of 6.45% and a net margin of 4.08%. More interesting news about Himax Technologies, Inc. Wall Street expected $177.48 million. Finally, Two Sigma Securities LLC acquired a new stake in Himax Technologies during the 1st quarter worth approximately $175,000.

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Himax Technologies, Inc. (HIMX) stock price performed at a change of -2.80% from 20 day SMA and stands at a distance of -15.94% away from 50 day SMA. 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 vehicle navigation displays.

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