Himax Technologies, Inc. (NASDAQ:HIMX) [Trend Analysis] tries to capture market sentiments, shares knocked up 0.89% to $6.82. Himax Technologies, Inc. (HIMX) reported that its financial results for the fourth quarter and full year ended December 31, 2016.
“Our 2016 fourth quarter revenue, gross margin, GAAP and non-GAAP earnings per diluted ADS were as pre-reported on January 26th. We declared net revenues of $203.4 million, representing a 6.7% sequential decrease and in-line with our original guidance of a 4.0% to 9.0% sequential decline issued on November 10, 2016 while gross margin and EPS were below the guidance due to an additional inventory write-down. Nevertheless, we still delivered solid results to achieve both top and bottom line growth during 2016 as our driver and non-driver business sections both performed strongly,” said Mr. Jordan Wu, President and Chief Executive Officer of Himax.
“Notably, we surged market share in our core driver IC business in 2016 and continued to solidify our leading position through technology advancement and consumer engagement. We continued to lead the market in major new driver IC technology trends, including higher display resolution, AMOLED and in-cell TDDI. We have collaborated closely with leading panel makers across China for AMOLED product development. On the TDDI front, we made volume shipments to a leading Chinese smartphone consumer and were busy with design-in activities with Korean, Chinese and Taiwanese panel makers. Our non-driver businesses experienced tremendous growth during 2016, primarily driven by the LCOS and WLO businesses due to shipments to one of our leading AR device consumers. We also made solid progress in new territories such as 3D depth scanning, IoT and machine vision with our latest CIS and WLO products, evidenced by more design-ins and engagements with certain heavyweight partners.”
When calculating EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -62.10%. Investors looking further ahead will note that the Price to next year’s EPS is -30.29%. (What Market Forces Produce Volatility in NASDAQ:HIMX Share? Find Free Report Here)
As for as concerns shares volumes, in share of capital Himax Technologies, Inc. (NASDAQ:HIMX) has 168.26 million outstanding shares among them 148.80 million shares have been floated in market exchange. HIMX institutional ownership remained 43.20% while insider ownership included 12.30%. The firm attains analyst recommendation of 3.00 with week’s performance of 36.57%
Superconductor Technologies Inc. (NASDAQ:SCON) [Trend Analysis] shows fluctuation in active trade, on Friday shares knock down -6.45% to $1.45. Superconductor Technologies Inc. (SCON) was awarded a U.S. Patent enabled by STI’s proprietary superconducting wire manufacturing method. This patented process improves Conductus® wire’s performance in the presence of a strong magnetic field.
U.S. Patent No. 9,564,258 entitled “Coated Conductor High Temperature Superconductor Carrying High Critical Current Under Magnetic Field By Intrinsic Pinning Centers, And Methods Of Manufacture Of Same” from the U.S. Patent and Trademark Office (USPTO), associated with U.S. Patent No. 9,362,025 reported in June 2016, provides additional protection for STI’s unique manufacturing process.
“This new patent protects the foundation from which we will build high performance wire for our consumers,” said Jeff Quiram, STI’s President and CEO. “The flexibility provided by our proprietary manufacturing process enables STI to build superconducting wire in very unique ways.”
The 52-week high of the share price is -69.58% and 52-week low of the share price is 40.38%. Current stock price is in the upbeat territory taking into account of 20 days moving average with 26.24% and continued bullish run for 50 days moving average with 15.18%.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 3.30 as compared to its debt to equity ratio stands at 0.00. To take look on ration of tradable shares being shorted in market, float short ration was 14.41%, as compared to sentiment indicator; Short Ratio was 0.37. Taking notice in average true range, it was 0.12.
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