NEW YORK (TheStreet) -- Himax Technologies (HIMX) shares are up 3.2% to $10.14 on Tuesday after Oppenheimer raised its price target to $11 from $8 while reiterating its "outperform" rating.
The firm believes that the semiconductor company's best days are ahead of it after it overcame some recent turbulence.
"We believe the company is back on track and gaining market share across the small/medium/large panel segments," Oppenheimer wrote in a research note. "More importantly, interest in its growth drivers microdisplays/array technology may be picking up."
Separately, TheStreet Ratings team rates HIMAX TECHNOLOGIES INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HIMAX TECHNOLOGIES INC (HIMX) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: