Himax Technologies (ADR) (HIMX) is Downgraded by Nomura to Neutral

Himax Technologies (ADR) (HIMX) was Downgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Sep 26, 2016.

Many Wall Street Analysts have commented on Himax Technologies (ADR). Himax Technologies (ADR) was Upgraded by Nomura to ” Buy” on Jul 5, 2016.

On the company’s financial health, Himax Technologies (ADR) reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.11. The company had revenue of $201.10 million for the quarter, compared to analysts expectations of $201.05 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Himax Technologies (ADR) opened for trading at $10.84 and hit $10.85 on the upside on Thursday, eventually ending the session at $10.73, with a gain of 0.09% or 0.01 points. The heightened volatility saw the trading volume jump to 12,15,285 shares. Company has a market cap of $1,845 M.

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)

Leave a Reply

Himax Technologies (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Himax Technologies (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.