Himax Technologies Inc. (HIMX): Today's Featured Technology Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Himax Technologies ( HIMX) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.1%. By the end of trading, Himax Technologies fell $0.10 (-1.1%) to $8.69 on average volume. Throughout the day, 9,744,336 shares of Himax Technologies exchanged hands as compared to its average daily volume of 8,584,000 shares. The stock ranged in price between $8.59-$9.22 after having opened the day at $8.99 as compared to the previous trading day's close of $8.79. Other companies within the Technology sector that declined today were: Perion Network ( PERI), down 10.9%, LookSmart ( LOOK), down 9.4%, Cbeyond ( CBEY), down 7.5% and Kingtone Wirelessinfo Solution ( KONE), down 7.1%.

Himax Technologies, Inc. designs, develops, and markets semiconductors for flat panel displays. The company operates in two segments, Driver IC and Non-Driver Products. Himax Technologies has a market cap of $1.5 billion and is part of the electronics industry. Shares are up 261.2% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Himax Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Himax Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Internet Gold Golden Lines ( IGLD), up 25.4%, Liquid Holdings Group ( LIQD), up 17.6%, Video Display Corporation ( VIDE), up 13.2% and FAB Universal ( FU), up 11.5% , were all gainers within the technology sector with Symantec ( SYMC) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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