Boston, MA 03/10/2014 (wallstreetpr) – Investors are known to be on the look for stocks with strong future growth preposition of which Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) seem to be showing in the market. The company’ stock continues to surge in the market having grown by 19.3% over the past year alone. The company’s stock commands a growth estimate of 68.9% for the current fiscal year showing its high growth metrics
Himax Technologies stock is currently rated as a “buy”, by TheStreet as the company continues to display significant strength in solid stock price as well as an impressive record of earnings per share. Himax Technologies net income has been on a rise over the past year clearly showing its growth potential for the coming months.
Himax Technologies revenue has also been growing over the past year beating consensus estimates as well as the company commanding a good solid financial position with reasonable debt levels. The strengths that the company portrays outweigh its notable weakness of low profit margins.
Highlights of the Buy Ratings
Himax Technologies shares have risen by over 380.33% over the past year clearly showing how the company has caught the attention of many investors in the market. The rise has also exceeded the S&P 500 index average with the company showing great potential for future growth.
Himax Technologies earnings per share has improved by 16.7% in its recent quarter earnings compared to a similar quarter a year ago with the company demonstrating a pattern of positive earnings over the past year. The company’s bottom line has increased by $0.30 versus $0.06 for the prior year. This year, analysts expect the bottom line to trade at a high of $0.36.
Net income has maintained a positive growth pattern over the past year having exceeded the S&P 500 index average as well as that of the semiconductor equipment industry average. Himax Technologies net income for its recent quarter increased by 17.9% compared to a similar quarter a year ago, growing from lows of $10.41 million to highs of $12.27 million as a result.
Himax Technologies revenue has been growing on small margins of 1.3% compared to the industry average of 5% although the growth has trickled down the company improving its earnings per share. The company’s debt to equity ratio is at a low of 0.27 but slightly above the industry average