Dallas, Texas 05/20/2014 (FINANCIALSTRENDS) –Stock analysts at the Oppenheimer firm have dropped their PT on Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares from $13.00 to $10.00 in the report issued to investors. Currently, the firm has a rating of “outperform” on the stock. This target price would also indicate a potential-upside of 29.87 percent from the current price of the company.
Other equities-research analysts have recently issued their reports about the company stock. Analysts at the Craig Hallum firm have axed their price target on the company’s shares to $10.00 in the research note to investors. Three research- analysts have rated the company stock with a rating of “sell”, 3 have assigned a rating of “hold” and 5 have assigned a rating of “buy” to the company stock. Currently, the average rating on the company is a “hold” and the average target price is $11.70.
Himax Technologies last released the company’s earnings data on May 8th. It reported earnings per share of $0.09 for the quarter, which was in line with the average analyst projection of $0.09. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) reported revenue of $194.60M for the quarter, in comparison to the average analyst projection of $194.20 million. In the same quarter of the previous year, HIMX posted earnings per share of $0.09. Its revenue for the quarter rose 10.8% on a y-o-y basis. On an average, analysts project that he company will post earnings per share of $0.54 for the current financial year.
What HIMX does
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) was incorporated on 26 April 2005. It is involved in the designing and development as well as the marketing of semiconductors that are the critical components of the flat panel displays. Its main products are the display drivers that are widely used in the large-sized and thin film transistor-liquid-crystal display panels, that are mainly are primarily used in the desktop monitors, and notebook computers as well as televisions.