Nomura Upgrades Himax Technologies (ADR) to Buy

Brokerage firm Nomura Upgrades its rating on Himax Technologies (ADR)(NASDAQ:HIMX). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Nomura was issued on Jul 5, 2016.

Himax Technologies (ADR) (HIMX) remained unchanged at the close of Friday session. Even as the volume increased to 25,08,013 ,the shares failed to make any impression and ended at 0 points or 0.00% at $8.03. The trading session commenced at $8.09 and the stock hit a high of $8.14 and touched $7.9 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $12 and the 52-week low is $5.65. The company has a market cap of $1,380 M and has approximately 17,19,07,710 outstanding shares.

Himax Technologies (ADR)(HIMX) last announced its earnings results on May 12, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $180.32M. Analysts had an estimated revenue of $181.32M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.07.

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.

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