Himax Technologies (ADR) (HIMX) is Upgraded by Nomura to Buy

Himax Technologies (ADR) (HIMX) was Upgraded by Nomura to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Nomura advised their investors in a research report released on Jul 5, 2016.

On the company’s financial health, Himax Technologies (ADR) reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 12, 2016. Analyst had a consensus of $0.07. The company had revenue of $180.30 million for the quarter, compared to analysts expectations of $181.47 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.

Himax Technologies (ADR) closed down -0.78 points or -9.44% at $7.48 with 1,68,37,407 shares getting traded on Friday. Post opening the session at $8.28, the shares hit an intraday low of $7.26 and an intraday high of $8.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Himax Technologies Inc. is a fabless semiconductor solution provider. The Company 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 Company operates through two segments: Driver IC and Non-driver products. Additionally 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. It also offers digital camera solutions including Complementary metal–oxide–semiconductor image sensors and wafer level optics which are used in applications such as mobile phone tablet laptop televisions personal computer camera automobile security and medical devices.

Himax Technologies  (ADR)

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