HIMX Stock Forecast: 13.03% Gain In 3 Days

Himax Technologies, Inc. (HIMX) was a top stock pick based on predictive algorithm recommended to I Know First subscribers on January 20th for the 3-day time horizon. Himax had a signal of 6.04 and a predictability of 0.1. In accordance with the algorithm, the company reported short-term capital gains of 13.03%.

HIMX was part of the stock forecast that can be found in the “Best Stocks” Package.

The full Top 10 Tech Stocks forecast includes a daily prediction for a total of 20 stocks with bullish and bearish signals:

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Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company was founded in 2001 and headquartered in Tainan, Taiwan.

Himax Technologies pre-announced its fourth-quarter earnings “to address recent market confusion caused by negative rumors that Himax might miss its 4Q’14 guidance.” It turned out Himax’s fourth-quarter earnings were better than expected, slightly. Revenue rose 2.2% from a quarter earlier to $227.2 million, slightly ahead of the consensus forecast of a flat $226 million. Gross margin rose from third-quarter’s 24.5% to 24.7%, instead of a small decline guided by the company. Himax now expects 8.7-9.2 cents earnings per share, versus its previous guided range of 7.5-9.2 cents.

The announcement comes as a relief for investors who were expecting poor results, although they were still not great. The company has earned a consensus rating of buy from analysts, however. The full fourth-quarter earnings report will be released on Thursday, February 12th. Deals in place with Microsoft and Google for optical equipment should come to fruition for Himax in 2015, and no later than in 2016.