Himax Technologies, Inc. (NASDAQ: HIMX) is a fabless semiconductor company headquartered in Tainan City, Taiwan founded on June 12, 2001. Semiconductor intellectual property core designed by Himax Technologies is used in the OLPC XO-1 subnotebook laptop computer. On July 22 2013, it was announced that Google will take a 6.3% stake in Himax Display, a subsidiary of the company which focuses on liquid crystal on silicon chips being used in Google Glass.
Reported before open today (5/12/16) Earnings: EPS $0.08 Revenue $180.3M Estimates: EPS $0.07 Revenue $181.32M Down 12.22% today so far
Analyst Upgrade/Downgrade Update Brokerage firm: Morgan Stanley Change: Downgrade Previous Rating: Overweight Current Rating: Equal Weight Previous Price Target: N/A Current Price Target: N/A
I have my doubts about support holding based on a cursory look at the chart: On a weekly basis, the cumulative volume of the last wave coming down from $11 to $6 was the highest since the beginning of this trading range; since the selling wave back in the spring of 2014 leading to the selling climax at $6. The volatility in the latter part of this trading range has increased indicating increased public ownership (distribution by large players). For the past 3 weeks it has tried to bounce out of the danger zone; away from the $6 area, but each week it sold off to close in the low of the weekly range.
This $7 is important support, you want to see this hold gains in this area or its not looking good even with todays pop!
Incredible day, can't wait to see what tomorrow holds. Consolidation at some point, but doesn't look like any time soon. Giddy Up! So if the trend holds, tomorrow HIMX should be +1.99 on the day and close around 13.36 per on 36M shares traded.
Himax misses Street 4Q forecasts Source: https://www.cnbc.com/2018/02/13/the-associated-press-himax-misses-street-4q-forecasts.html Himax Technologies Inc. (HIMX) on Tuesday reported fourth-quarter profit of $23.5 million. The Taiwan, Taiwan-based company said it had profit of 14 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share. The fabless semiconductor company posted revenue of $181.1 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $185.9 million.