Himx Stock Analysis

I Know First also wrote an article about Himax Technologies, Inc. (HIMX), which included an algorithmic forecast from April 12th, 2015. In a little more than two months, the stock prices has jumped 33.75% as the algorithm, supported by fundamental analysis, predicted it would.

Himax Technologies, Inc. (HIMX) is a fabless semiconductor provider with world leading visual imaging processing technologies.

Historically, HIMX has been highlighted as a success story, their stock wavered at around 1,000 percent between mid-2012 and early 2014 due to their collaboration with Google. Unfortunately, it could not maintain their phenomenal performances which then led to HIMX stocks losing about two-thirds of their value. HIMX has since recovered and and have matched old highs from 2008.

After experiencing a highly successful transformation in 2012, the company was then able to post revenues of $227.2 million, its highest quarterly revenue since the same quarter four years previously, and full year revenue of $840.5 million, an increase of 9.1% on a four year annual basis. Besides strong revenue, the company was also able to report strong profits and earnings per share for the quarter. Put more simply, Himax has successfully become a more diversified company with market leading single-chip solutions and their revenue and profit figure highlight this achievement

Our algorithm believes that HIMX will maintain their positive performances in the long-run too and predicts a bullish year long forecast with a signal of 138.92  and a predictability ratio of 0.49. This forecast is in agreement with the fundamental analysis of how undervalued Himax Technologies is at this point in time. These signals are exceptionally strong and are among the top picks for both time horizons, meaning the algorithm believes that the stock price will move much higher in the future. This makes sense, as the company is currently vastly undervalued due to potential explosive growth in the wearable market and its incredibly solid balance sheet. Investors should take advantage and add this to their long-term portfolios.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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