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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 $0.28 (-2.7%) to $10.14 on average volume. Throughout the day, 8,654,710 shares of Himax Technologies exchanged hands as compared to its average daily volume of 10,114,900 shares. The stock ranged in price between $10.05-$10.38 after having opened the day at $10.30 as compared to the previous trading day's close of $10.42. Other companies within the Technology sector that declined today were: Daqo New Energy ( DQ), down 23.2%, Crossroads Systems ( CRDS), down 20.0%, PT Indosat TBK ( IIT), down 18.9% and Aetrium Incorporated ( ATRM), down 9.9%. 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 $1.8 billion and is part of the electronics industry. Shares are up 336.2% year to date as of the close of trading on Tuesday. 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, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
