HIMX Stock Forecast: Wearable Devices Market Makes Himax Technologies A Good Value
HIMX Stock Forecast
Wearable Devices Market Makes Himax Technologies A Good Value Himax Technologies, Inc. (HIMX) is a fabless semiconductor provider with world leading visual imaging processing technolog
ies. After undergoing a successful transformation in 2012, the company was able to post revenues of $227.2 million, its highestquarterly revenue since the same quarter four years earlier, and full year revenue of $840.5 million, an increase of 9.1% year-over-year. Besides strong revenue, the company was also able to report strong profits and earnings per share for the quarter. The results showed that Himax had successfully become a more diversified company with market leading single-chip solutions. Algorithmic Analysis This forecast is in agreement with the fundamental analysis of how undervalued Himax Technologies is at this point in time. The 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 it 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.
