Research firm Zacks has rated Himax Technologies, Inc. (NASDAQ:HIMX) and has ranked it at 2, indicating that for the short term the shares are a buy. 8 Wall Street analysts have given the company an average rating of 2.25. The shares have received a hold rating based on the suggestion from 3 analysts in latest recommendations. 1 brokerage houses have given a strong sell on the shares. Strong buy was given by 4 Wall Street Analysts.
Himax Technologies, Inc. (NASDAQ:HIMX): According to 7 Analysts, The short term target price has been estimated at $ 8.83.The target price could deviate by a maximum of $2.5 from the forecast price. In the near term, the target price could hit a high of $13 and a low of $ 6.
Many analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Northland Securities, reiterates their rating on the shares of Himax Technologies, Inc. (NASDAQ:HIMX). Northland Securities has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $11 per share from a prior target of $9. The rating by the firm was issued on June 17, 2015.
Himax Technologies, Inc. (NASDAQ:HIMX) witnessed a decline in the market cap on Monday as its shares dropped 7.34% or 0.52 points. After the session commenced at $7.01, the stock reached the higher end at $7.03 while it hit a low of $6.43. With the volume soaring to 5,862,497 shares, the last trade was called at $6.56. The company has a 52-week high of $10.45. The company has a market cap of $1,123 million and there are 171,212,000 shares in outstanding. The 52-week low of the share price is $5.85.
Currently the company Insiders own 41.71% of Himax Technologies, Inc. Company shares. In the past six months, there is a change of 0% in the total insider ownership. Institutional Investors own 16.1% of Company shares. During last 3 month period, 35.51% of total institutional ownership has changed in the company shares.
Himax Technologies, Inc. operates as an IC design house with LCD manufacturing capability. The Company focuses on display IC products for display device and offers LCD technical consulting to customers to provide them with value-added technical support and integrated solutions.
6 days ago. Please don't be misled by bearish trash.
I don't know what you are looking at but according to Zacks August 11 report 6 days ago it is rated a 2 or buy rating.
Thanks Jeb for making me so much money. I just do that opposite of what you say and ching ching. Like clockwork. Chardan is another contrary predictor. As soon as they upgraded I sold and now I am buying them back.
Stock has a better chance of going to its 50 day moving average of $7.78 than going down.
Now things are unfolding in the future, you will be surprised to see how many investors are willing to see it out till the good stuff happens. One or two week quarters because of Chinese demand is not a reason to throw Himax out with the bath water. If you know WU like I know WU, he is a stockholders friend by paying out big dividends, hinting between the lines, keeping the company debt free and always being honest with the earnings projections.
This stock is famous for its head fakes. I have owned it since 2008 and in the past this kind of activity has led to huge spikes. It can be confusing and misleading but you buy a stock on weakness and you sell on strength.
Your right, Bill and Melinda do give a lot to charity cases and this company is unfortunately qualifies as a charity case.
You can spend the day sitting on your hands or you can find the needed courage to take advantage of the situation.
Wu wants to tell you the good news but he can't. He is hinting all over the conference call about inflection point and new product launches. They also have the new in-cell product that nobody else has and this will lead to new revenues. Not sure what in-cell and out-cell means but it seems to have everyone excited. In-cell is supposed to save alot of money in the manufacturing process. They also have a great amoled product that is new. He is bursting to tell the shareholders the good news but is restricted from doing so by the major companies that are customers. The jump in stock price is from two factors. The stock dropped big the week before the earnings call pricing in any disappointment and the conference call was full of read between the lines moments.
All equipment is depreciated but the initial expense shows up as expense on plant and equipment on the income statement. depreciation is for tax purposes only.
There is weakness in China and the EU, I don't think that expenses in the next quarter are the only reason for the lowered guidance but the are spending a lot on capital and ramping up. $40 million is not peanuts.
Sorry I disagree. Plant and equipment are expensed in the quarter they are taken. You would only want to carry forward expenses if it would put you in a better tax position in the future. Then you take depreciation on all or some for the next thirty years.
if the company did not have a one time charge for new plant and equipment. They are building something very lucrative. Unfortunately it takes money to make money. This is the reason for the reduced profit guidance next quarter, Ask yourself if the cup is half empty or overflowing in the future.
-.30c loss is sequentially flat with last quarter. Did not beat estimates like in the past. Beat by 2C but probably did not beat the whisper number. Nothing exciting in the numbers but the conference call will be important here.