Rosenblatt Securities has upgraded Himax (NASDAQ:HIMX) to Buy, while declaring "the worst is over" for the company and that it could be a "prime takeover target."
TAINAN, Taiwan, May 11, 2015 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (HIMX) ("Himax" or "Company"), a supplier and fabless manufacturer of advanced display drivers and other semiconductor products, today declared a cash dividend of 30 cents per ADS
Show me the money, that's what Mr. Market is waiting for and I believe we should see that in 2016. This is a minimum of 2 to 3 years investment for me and I don't care what the MM do to it in the short term, actually I take advantage and add more on the dips.
In about a year from now people will know how undervalued this stock was and hate themselves for not buying . I have been adding and will continue to add.
Based on the Bank of Americas lowered 2016 EPS of .77 , that gives HIMX a PE of 8 at the current price
and now check the next years PE average of 16 for the S&P 500 companies
Sentiment: Strong Buy