Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

Why Himax Technologies, Inc. Stock Popped 34.5% in March

What happened

Shares of Himax Technologies Inc.  (NASDAQ: HIMX  ) rose 34.5% in the month of March, according to data provided by S&P Global Market Intelligence, on sustained momentum and positive analyst notes following its latest quarterly report in February, as well as reports the semiconductor specialist has secured a key design win.

So what

For perspective, Himax stock also climbed 28% in February, helped by the company's better-than-expected fourth-quarter 2016 results. At the time, management suggested that Himax's non-driver business "may see significant business progress [...] to contribute to both top and bottom lines out of WLO and CIS areas as early as the second half of 2017."

But analysts on Wall Street continued to express optimism for Himax on the heels of that report, with the stock receiving no less than three analyst upgrades within the span of a single week last month, including positive notes from Morgan Stanley, Mizuho, and Roth Capital.

HIMAX building

IMAGE SOURCE: HIMAX.

If that wasn't enough, Himax stock closed the month by climbing nearly 5% on March 31, 2017, after a new report from Digitimes indicated it will supply components in Apple's upcoming OLED iPhone, specifically to help enable the new device's built-in 3D-sensing module for augmented and virtual reality applications.

Now what

To be fair, Himax stock is still down around 20% over the past year, as analysts worried over the effects of its major augmented reality customers changing their "focus to the development of future generation devices." But as the arrival of those future devices grows near, it's hardly surprising to see Wall Street perform an about-face as Himax gears up to take advantage of the latest technology trends.

10 stocks we like better than Himax Technologies
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Himax Technologies wasn't one of them! That's right -- they think these 10 stocks are even better buys.

Click here to learn about these picks!

*Stock Advisor returns as of April 3, 2017


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 4012716, ~/Articles/ArticleHandler.aspx, 4/29/2017 1:28:51 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 4 hours ago Sponsored by:
Change down DOW 20940.5 -40.8 -0.2%
Change down S&P 500 2384.2 -4.6 -0.2%
Change down NASD 6047.6 -1.3 0.0%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

4/28/2017 4:00 PM
HIMX $7.01 Up +0.14 +2.04%
Himax Technologies CAPS Rating: ****

Article registration testing
VISIBLE INTERNALLY ONLY AND ONLY WORKS WITH UNREGISTERED VISITORS

Revisit this page

Clear article's cache and revisit this page

Or, visit the current page, forcing Test ID to article:interrupt:106919 and

Tookie Value = 22218255129474635595364112268471

Advertisement