Why Himax Technologies Stock Is Up 44% in 2017
Himax Technologies (NASDAQ: HIMX) stock has popped 44% so far this year, according to data provided by S&P Global Market Intelligence, on solid gains in fiscal 2016, speculation of a design win in the upcoming iPhone, and positive analyst sentiment for the stock.
Himax's stock-price gains started after the company's fourth-quarter and full-year fiscal 2016 earnings report. The company grew revenue by 14.3% in the quarter, but gross margins and earnings per share (EPS) fell below the company's own guidance -- and below analysts' consensus -- because of an inventory writedown.
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Source: Fool.com
Himax Technologies Inc. ADR Stock
€6.60
-1.520%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Himax Technologies Inc. ADR stock is not clear.
As a result the target price of 7 € shows a slightly positive potential of 6.06% compared to the current price of 6.6 € for Himax Technologies Inc. ADR.
