Subscribe in a reader Himax Technologies (HIMX) The key driver to Himax's success is its development and manufacturing of liquid crystal on silicon (LCoS) micro-displays, a component of wearable technology.
In July, Google bought a 6.3% stake in Himax's display subsidiary to ramp production on LCoS chips and micro-displays once Google Glass launches. It also has the option to buy up to 14.8% in Himax within one year of the deals closing date.
The stock is high Beta and speculative, but not that expensive comparable to other momentum stocks. Himax is looking for 2013 earnings of $0.39 per share and estimates call for $0.63 in 2014 (60% earnings growth). With a trailing eps of 25xs and a forward of 13.9xs. Price to sales of 1.89 and a PEG of 0.75. It has $0.79 per share in cash and a dividend yield of 2.9%. ITZ 12 month PT for HIMX $16.
The stock is up 280% YTD, it went through an Inverted H&S mid-year and now is nearing the measured move of a Head & Shoulders. ITZ suggests entering under $8.00 or nibbling around 100-ema
Recent News: GE is testing Google Glass LINK
16 comments:
Adding to position 2nd 1/4 position @ 50ma $9.40, to 1/4 entered @ $8.20....
Let's set STOP @ $9.50 on entire position
Raise Stop from $9.50 to $10
PDATE: STOP Positions suggest setting stop on 1/2 position @ $11.50 against $9.40 entry.
Use 1/2 positions: Let's use 8ema as 1 level stop, currently $12 & then the 21-ema as 2nd level stop $11
Exited 1/4 position @ 8-ema today $14.10 on $HIMX entered 11/26/13 @ $9.40 for +$4.70 or +50% in 6 weeks. Hold on to remaining 1/4 position entered @ 11/8/13 @ 48.20 using 21-ema as stop, currently around $13.20. follow on Twitter
*correction should read $8.20 not 48.20
21-ema currently around $13.25 = 2nd stop level vs purchase of 11/8/13 @ $8.20
Stop hit @ 21-ema, exit @ $13.25 - 11/8/13 entry $8.20 for a +$5.05 gain or +61.6% in 8 weeks. Currently no position
Looking to re-enter on pullback below $15
Re-entered 1/4 position $14.78
Add 2nd 1/4 position $14.15
Lower STOP from $13.50 to $12
Raise stop on $HIMX from $112 to $13 ahead of earnings
Current position entered 1/4 position $14.78 on Jan 22nd then another 1/4 position $14.15 on Jan 23rd. Stop set @ $13.... Lets add another 1/4 position here $14.50, maintain stop $13
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