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Himax Technologies (HIMX) Catches Eye: Stock Up 6.2%

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Himax Technologies, Inc. (HIMX - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company for the company—as the stock is now up 16.9% in the past one-month time frame.

The move came after Qualcomm and Himax Technologies made a joint announcement yesterday, announcing a collaboration to develop and commercialize a high resolution, low power active 3D depth sensing camera system.

The company has seen a mixed track record when it comes to estimate revisions of two increase and three decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Himax Technologies, Inc. Price

Himax Technologies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Electronics - Semiconductors industryis Synaptics Incorporated (SYNA), which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is HIMX going up? Or down? Predict to see what others think: Up or Down.

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