The Himax Technologies, Inc. (NASDAQ:HIMX) Given "Outperform" Rating at Northland Securities

Claudine Rigal
Juillet 17, 2017

(ADR) (NASDAQ:HIMX) has "Sell" rating given on Friday, July 14 by Oppenheimer. They now have $9.00 price objective on the semiconductor company's stock.

Media headlines about Himax Technologies (NASDAQ:HIMX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. 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 auto navigation displays. In addition, the Company designs and provides controllers for touch sensor displays, liquid crystal on silicon micro-displays used in palm-size projectors and head-mounted displays, light-emitting diode driver ICs, power management ICs, scaler products for monitors and projectors, video processing IC solutions and silicon IPs.

Shares of Himax Technologies (HIMX) opened at 8.09 on Monday. Northland Securities reaffirmed an "outperform" rating and issued a $10.00 target price on shares of Himax Technologies in a research report on Wednesday, April 26th. Nomura set a $9.00 target price on Himax Technologies and gave the company a "buy" rating in a research note on Saturday, May 13th. $9.05's average target is 13.84% above currents $7.95 stock price. Roth Capital upgraded Himax Technologies from a "neutral" rating to a "buy" rating in a research note on Friday, March 17th. The company presently has an average rating of Hold and an average price target of $8.67. After a recent check, shares have been spotted at $8.09 showing a change in the session of 1.00%.

Himax Technologies (NASDAQ:HIMX) 52-week high price stands at $10.95 and low price stands at $4.88, its price distance from 52-week high is -26.21% while its distance from 52-week low price is 65.57%.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Thursday, May 11th. The consensus mean EPS for the current quarter is derived from a total of 5 estimates from the analysts who have weighed in on projected earnings. For the next 5 years, Himax Technologies, expecting Growth of 25% per annum, whereas in the past 5 years the growth was -17.49% per annum. Company fiscal year is ending in December and analysts' consensus recommendation is Outperform for WY and estimated EPS for next quarter is $ 0.29. During the same quarter previous year, the business posted $0.08 EPS. The firm's revenue was down 13.9% compared to the same quarter past year. During the same period previous year, the business earned $0.08 EPS.

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Several other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company's stock worth $130,000 after buying an additional 77 shares in the last quarter. Creative Planning boosted its position in shares of Himax Technologies by 4.2% in the first quarter. US Bancorp DE boosted its position in shares of Himax Technologies by 0.7% in the first quarter. Ltd. purchased a new position in shares of Himax Technologies during the first quarter valued at about $3,010,000.

As of quarter end Goldman Sachs Group Inc had acquired a total of 275,200 shares growing its holdings by 119.4%.

On the other hand the company has Relative Strength Index (RSI 14) of 53.85 along with Average True Range (ATR 14) of 0.35, Consequently Himax Technologies (NASDAQ:HIMX)'s weekly and monthly volatility is 3.61%, 4.29% respectively. The Company is involved in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, auto navigation and other consumer electronics devices.

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