Why Himax Technologies Stock Is Up 44% in 2017

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