Technology stocks can fit perfectly into alternative portfolios that are focused on clean energy and efficiency. Himax Technologies Inc. (NASDAQ: HIMX) is a bargain option that has a strong potential upside for the year ahead.
Himax develops high-efficiency semiconductors that are used in devices like navigation systems, televisions, digital displays, smartphones, and virtual reality devices. The company has recently outperformed analyst expectations, growing its revenue by 46% year over year in the third quarter.
EPS is expected to increase in the fourth quarter from $0.01 per share, up to $0.16 per share. Revenue is expected to grow by 51% in the current quarter. Full-year revenue is on track to increase by 30%, which should help to attract new investors and bolster the stock price.
The stock is priced right on its average target today, but the most bullish analysts expect it to reach as high as $11.00 in the mid-term. This could create strong returns for investors who buy today, and with its bargain price now, this is a worthy addition to any alternative portfolio.
- 1 Year Price Growth: 46%
- YTD Price Growth: 88%
- 3 Month Price Growth: 64%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.