Himax Technologies Inc. (HIMX): Today's Featured Electronics 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 Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.2%. By the end of trading, Himax Technologies fell $0.32 (-2.4%) to $13.12 on average volume. Throughout the day, 8,778,013 shares of Himax Technologies exchanged hands as compared to its average daily volume of 8,156,300 shares. The stock ranged in price between $12.93-$13.70 after having opened the day at $13.60 as compared to the previous trading day's close of $13.44. Other companies within the Electronics industry that declined today were: Yingli Green Energy Holding Company ( YGE), down 8.9%, Tower Semiconductor ( TSEM), down 7.8%, Dynasil Corporation of America ( DYSL), down 5.3% and Daqo New Energy ( DQ), down 4.9%.

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 $2.2 billion and is part of the technology sector. The company has a P/E ratio of 31.8, above the S&P 500 P/E ratio of 17.7. Shares are up 460.0% 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 1 rates 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Luna Innovations ( LUNA), up 23.3%, Camtek ( CAMT), up 23.2%, ClearSign Combustion ( CLIR), up 10.0% and Data I/O Corporation ( DAIO), up 10.0% , were all gainers within the electronics industry with Broadcom Corporation ( BRCM) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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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