Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) a Hold: Chardan Capital

In a research note issued to investors, Jay Srivatsa at Chardan Capital Upgraded their rating on Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) to a Hold. The analyst placed a $0 price target on the stock which indicates a 9.79% downside to the last closing price. In the year following Srivatsa’s ratings, the stocks covered yield an average return of 13.6% according to TipRanks.com. In the past year 18 out of 47 recommendations or 38% were successful.

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares opened the most recent trading session at 7.92 and at the time of writing the last Bid was at 7.96. In the current trading session the stock reached as high as 8.12 and dipped down to 7.90. Himax Technologie, a NasdaqNM listed company, has a current market cap of 1.363B and on average over the past 3 months has seen 3533790 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 8.0206. Based on a recent trade, this puts the equity at -0.76% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -50.71% away from it’s 52-week high of 16.15 and +39.65% away from the stock’s low point over the past 52 weeks, which was 5.70. On a consensus basis, analysts have a one year target price of 8.49. The company last reported earnings per share of 0.391.

The consensus analyst estimates according to First Call for the next quarter is 0.11. The current year EPS estimate on the stock is 0.48 and the EPS estimate for next year sits at 0.56. In looking at the fundamentals, HIMX has a P/E ratio of 19.85 and a price to book ratio of 2.91. The company’s Book Value is 2.665 and most recently reported EBITDA of 82.6M. The price compared to next year’s EPS estimate in the current year is 13.86.

Company Profile

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX), 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.