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Himax Tech (HIMX) Gains As Market Dips: What You Should Know
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Himax Tech (HIMX - Free Report) closed at $3.97 in the latest trading session, marking a +1.79% move from the prior day. This change outpaced the S&P 500's 0.22% loss on the day. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, lost 0.36%.
Coming into today, shares of the fabless semiconductor company had gained 13.7% in the past month. In that same time, the Computer and Technology sector gained 10.66%, while the S&P 500 gained 8.17%.
Wall Street will be looking for positivity from HIMX as it approaches its next earnings report date. This is expected to be February 19, 2019. In that report, analysts expect HIMX to post earnings of $0.03 per share. This would mark a year-over-year decline of 78.57%. Our most recent consensus estimate is calling for quarterly revenue of $190.90 million, up 5.42% from the year-ago period.
Investors might also notice recent changes to analyst estimates for HIMX. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. HIMX is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, HIMX is currently trading at a Forward P/E ratio of 48.75. Its industry sports an average Forward P/E of 15.58, so we one might conclude that HIMX is trading at a premium comparatively.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Himax Tech (HIMX) Gains As Market Dips: What You Should Know
Himax Tech (HIMX - Free Report) closed at $3.97 in the latest trading session, marking a +1.79% move from the prior day. This change outpaced the S&P 500's 0.22% loss on the day. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, lost 0.36%.
Coming into today, shares of the fabless semiconductor company had gained 13.7% in the past month. In that same time, the Computer and Technology sector gained 10.66%, while the S&P 500 gained 8.17%.
Wall Street will be looking for positivity from HIMX as it approaches its next earnings report date. This is expected to be February 19, 2019. In that report, analysts expect HIMX to post earnings of $0.03 per share. This would mark a year-over-year decline of 78.57%. Our most recent consensus estimate is calling for quarterly revenue of $190.90 million, up 5.42% from the year-ago period.
Investors might also notice recent changes to analyst estimates for HIMX. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. HIMX is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, HIMX is currently trading at a Forward P/E ratio of 48.75. Its industry sports an average Forward P/E of 15.58, so we one might conclude that HIMX is trading at a premium comparatively.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.