[Globe Newswire] Himax Technologies Inc (ADR) (NASDAQ:HIMX)(TREND ANALYSIS) a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announces that the Company will attend the Nomura Driver IC Corporate Day, which will be held on June 16, 2015.
The event will be held at Nomura’s Taipei office and will include three presenting companies with over 50 institutional investors participating from Taiwan, Hong Kong and Singapore. Participation is by invitation only and registration is mandatory. For more information on the event, please contact a Nomura Securities representative, or the event coordinator at: lydia.liu@nomura.com or michelle.cheng@nomura.com.
Stock Performance: Click here for a free comprehensive Trend Analysis Report
Himax Technologies Inc (ADR) (NASDAQ:HIMX) stock is currently trading 26.12% below its 52-week-high, 35.44% above its 52-week-low. The 1-year stock price history is in the range of $5.7 – $10.45. Himax Technologies Inc (ADR) (HIMX) has a price to earnings ratio of 21.39 versus Technology sector average of 20.55. HIMX stock price has underperformed the Nasdaq by 10.3%. The Semiconductors Components company is currently valued at $1.32 billion and its share price closed the last trading session at $7.72. The stock has a 50-day moving average of $6.41 and a 200-day moving average of $7.19.
Himax Technologies Inc (ADR) (HIMX) current short interest stands at 6.75 million shares. It has decreased by 5% from the same period of last month. Around 5% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.99 million shares, the number of days required to cover the short positions stand at 1.7 days.
HIMX reported last quarter earnings on May 14. The Semiconductors Components company announced earnings per share of $0.07 against a consensus Street estimate of $0.06, beating the average estimate by $0.01. This corresponds to a decrease of $0.03 compared to the same quarter of the previous fiscal year.
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There are currently eleven analysts that cover Himax Technologies Inc (ADR) stock. Of those eleven, three have a Buy rating, five have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $6.47.
A recent analyst activity consisted of Bank of America upgrading their Underperform rating to Buy on June 10. On the date of report, the stock closed at $7.72.
Chardan Capital downgraded their Neutral rating to Sell on May 29. On the date of report, the stock closed at $6.26.
Another research firm was Rosenblatt who upgraded their Neutral rating to Buy on May 20. On the date of report, the stock closed at $6.42.
Company profile
Himax Technologies, Inc. designs and manufactures integrated circuits. The Company produces liquid crystal displays (LCD).
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