Himax Technologies, Inc. (NASDAQ:HIMX) was a big mover last session, as the company saw its shares rise roughly 9% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.11 to $9.91 in the past one-month time frame.
This Electronics components-semiconductor industry stock witnessed four positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Himax Technologies. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Himax Technologies has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
However, a better-ranked stock in the same space is Alpha & Omega Semiconductor, Ltd. (NASDAQ:AOSL) , sporting a Zacks Rank #1 (Strong Buy).
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HIMAX TECH-ADR (HIMX): Free Stock Analysis Report
ALPHA&OMEGA SEM (AOSL): Free Stock Analysis Report
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