Himax Technologies, Inc. (HIMX) Set for Augmented Reality Expansion Supported by Analysts and Innovative Technology Initiatives
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Updated: 3 hour ago0mins
Investment Potential: Himax Technologies Inc. (NASDAQ:HIMX) is considered a promising augmented reality stock with a Moderate Buy rating and a 12-month price target of $10, indicating a potential upside of 32% from its current price of $7.58.
Financial Performance: The company reported a 7.3% decline in third-quarter revenue to $199.2 million, alongside an operating loss of $0.6 million, but expects flat revenue in the fourth quarter with slight improvements in gross margins.
Technological Advancements: Himax is expanding its offerings in the automotive sector and emerging technologies, including ultralow-power AI chips and smart glasses, while continuing to supply core components for AR devices.
Market Position: Despite its potential, some analysts suggest that other AI stocks may offer better upside potential and lower risk, indicating a competitive landscape for investment opportunities.
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Analyst Views on HIMX
Wall Street analysts forecast HIMX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HIMX is 10.00 USD with a low forecast of 10.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.080
Low
10.00
Averages
10.00
High
10.00
Current: 8.080
Low
10.00
Averages
10.00
High
10.00
Morgan Stanley
Overweight
initiated
$8.80
2025-05-09
Reason
Morgan Stanley
Price Target
$8.80
2025-05-09
initiated
Overweight
Reason
Morgan Stanley initiated coverage of Himax with an Overweight rating and $8.80 price target. Himax is expanding its non-driver integrated circuit business by tapping the growing cloud AI and edge AI markets, the analyst tells investors in a research note. The firm says this bodes well for the company's growth and margin expansion. It expects rising OLED penetration in LDDI and autos to drive Himax's sales growth.
Baird
Tristan Gerra
Buy
Maintains
$7 → $15
2024-12-13
Reason
Baird
Tristan Gerra
Price Target
$7 → $15
2024-12-13
Maintains
Buy
Reason
Baird raised the firm's price target on Himax to $15 from $7 and keeps an Outperform rating on the shares. The firm said Co-Packed Optics and AR opportunities, which reach to the core of Himax's technology capabilities, represent secular growth vectors making Himax worth revisiting as a medium-term speculative investment.
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About HIMX
Himax Technologies Inc is mainly engaged in the fabless semiconductor solution. The Company offers comprehensive automotive integrated circuit (IC) solutions, including traditional driver ICs, in-cell touch and display driver integration, large touch and display driver integration and local dimming timing controllers. The Company's principal product lines include display drivers and timing controllers, touch controller ICs, thin film transistor liquid crystal display (TFT-LCD) television and monitor semiconductor solutions, intellectual property (IP) and application specific integrated circuit (ASIC) service, liquid crystal on silicon (LCOS) and micro-electro mechanical systems (MEMS) products, power ICs, complementary metal-oxide-semiconductor (CMOS) image sensor product, and wafer level optics products.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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