This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Google Glass Supplier Himax (HIMX) Remains a Buy

Editor's Note:  Himax is a Trifecta Stocks holding.  If you own, or are thinking of owning HIMX, you HAVE to sign up for the FREE webinar hosted by TheStreet's fundamental expert Bryan Ashenberg and technical expert Bob Lang.  Sign up now! 

NEW YORK (TheStreet) -- Semiconductor company Himax (HIMX - Get Report) is still rated a buy despite recent share price volatility. 

"The stock's volatility in a choppy environment should be expected as it is a high beta, highly speculative name that will tend to bounce around with investor sentiment," wrote Bryan Ashenberg and Bob Lang in their Trifecta Stocks article on Wednesday.

The company managed to partially mitigate Tuesday losses, gaining 1.3% to $10.21 by Wednesday close. Himax was among the high-momentum companies hammered by investor worry over political uncertainty in Washington earlier in the week.

The key driver to Himax's success is its development and manufacturing of liquid crystal on silicon (LCoS) microdisplays, a component of wearable technology. In July, Google (GOOG) bought a 6.3% stake in Himax's display subsidiary to ramp production on LCoS chips and microdisplays once Google Glass launches.

Ashenberg and Lang anticipate 60% earnings growth for fiscal 2014 and 22% in 2015. Year to date, Himax shares have gained 325.4%.

Remember:  Himax is a Trifecta Stocks holding.  If you own, or are thinking of owning HIMX, you HAVE to sign up for the FREE webinar hosted by TheStreet's fundamental expert Bryan Ashenberg and technical expert Bob Lang.  Sign up now!

Written by Keris Alison Lahiff.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
GOOG $571.15 -0.73%
HIMX $7.42 1.80%
AAPL $127.51 0.87%
FB $80.43 -0.96%
TSLA $196.91 -1.90%

Markets

DOW 17,936.38 -199.34 -1.10%
S&P 500 2,081.01 -20.03 -0.95%
NASDAQ 4,945.5730 -37.2360 -0.75%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs