Himax Techs Stock (NASDAQ:HIMX), Trade Ideas

Himax Techs

Himax Technologies

Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue gets derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.

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Himax Technologies, Inc. (NASDAQ: HIMX) shares are trading higher on Thursday.

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Himax Technologies, Inc (NASDAQ: HIMX) reported a third-quarter FY23 revenue growth of 11.6% year-on-year to $238.52 million, beating the consensus of $229.38 million.

Semiconductor Company Himax Technologies Surpasses Q3 Street Expectations, Credits Positive Order Momentum

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Himax Technologies, Inc (NASDAQ: HIMX) reported a second-quarter FY23 revenue decline of 24.8% year-on-year to $235.03 million, marginally missing the consensus of $235.6 million.

Himax Technologies Clocks 24.8% Q2 Revenue Decline, Massive Earnings Drop

Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares.

Himax Technologies Inc

<p>The solution incorporates Himax&#39;s leading-edge WiseEye&trade;&nbsp;ultralow power AI sensing technology with E Ink&#39;s signage EPD (&quot;Electronic Paper Display&quot;), featuring industry-leading E Ink&#39;s Kaleido display, and ESL (&quot;Electronic Shelf Label&quot;). Leveraging WiseEye, the smart retail solution deploys context-aware AI in human presence and shopper insight detection while also significantly enhancing the already impressive battery life of an ePaper display and enabling real-time personalized marketing.<br />
&nbsp;</p>
<p>Himax WiseEye ultralow power AI sensing technology incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm, offering state-of-the-art ultralow power, always-on sensing, on-device context-aware AI and has been widely deployed in consumer electronics and AIoT related applications. In an era where personal data privacy is paramount, WiseEye AI ensures the security of sensitive personal data by conducting AI inferences locally on the endpoint devices. This approach guarantees that no raw images are transmitted outside the device. Instead, only AI-enabled personalized metadata is delivered in byte-level size to the store management system on the cloud. This greatly reduces latency, minimizes power consumption, and ultimately offers users maximum privacy protection for their information.</p>
<p>Amidst the rising popularity of ePaper displays in the smart retail sector already known for their remarkable energy efficiency, the integration of WiseEye technology-enabled smart camera devices into retail environments, utilizing E Ink&#39;s robust ecosystem in E-Signage and ESL, signifies a collaborative effort poised to deliver even greater benefits. These include gaining valuable insights into customer behavior, optimizing inventory management, and delivering personalized marketing messages. By leveraging WiseEye&#39;s ultralow power AI, the deployment of battery-powered devices becomes feasible, facilitating easy installation throughout the store and enabling comprehensive data collection. The rich metadata set collected by WiseEye AI, such as people count, location, and dwell time enhances the analysis of customer foot traffic patterns, popular shopper routes, and demographic information. For example, real-time promotions and discount information could be instantly displayed on ePaper devices, emphasizing key content in areas where shoppers are congregating. Additionally, WiseEye can effectively monitor shelf goods and warehouse inventory in real time, providing a robust mechanism for efficient inventory management. Overall, WiseEye-enabled smart cameras can play a crucial role in helping retailers optimize operations and provide personalized experiences to their customers, ultimately driving business growth and profitability.</p>
<p>Moreover, within the domain of smart signage, Himax WiseEye AI is revolutionizing e-signage, embodied E Ink&#39;s Kaleido display, offering a versatile suite of always-on sensing AI capabilities, including human presence and individual detection. Leveraging Himax&#39;s ultralow power AI for human presence detection, the EPD dynamically adjusts displayed content upon detecting customers approaching, thereby significantly conserving power compared to conventional fixed-interval content changes. For individual detection, the WiseEye-equipped in-store e-signage discerns a viewer&#39;s individual characteristics, such as gender expression, appearance, and age, and displays an individual-correlated and/or personalized advertisement and recommendation of near-by merchants along with relevant product details such as shelf location and manufacturer brands. This creates a real-time enhancement of the shopping experience for customers. Most notably, WiseEye achieves these AI advancements while consuming mere milliwatts of power. When combined with its significant power-saving feature, this results in an extensive battery life for smart e-signage systems.</p>
<p>&quot;The partnership between Himax and E Ink marks a significant evolution from our years of collaboration in the e-reader industry, now venturing into the domain of e-signage and ESL. Leveraging E Ink&#39;s versatile ePaper technologies and extensive industry reach, combined with Himax&#39;s robust AI and ultralow power expertise, our goal is to redefine the possibilities of next-generation e-signage and ESL products, envisioning enhanced precision, privacy, and versatility,&quot; concluded Mr. Mark Chen, Vice President of Smart Sensing business at Himax.</p>
<p>&quot;The synergy of E Ink&#39;s ePaper solutions with Himax WiseEye ultralow power AI solution delivers the ultimate battery-powered smart retail signage and ESL solutions boasting significantly extended battery life,&quot; said Mr. JM Hung, Vice President of Business Center at E Ink. &quot;This collaboration enables us to gain deeper insights into end customers&#39;&nbsp;consumption intentions, facilitating customized product promotions and ultimately driving potential sales growth,&quot; concluded Mr. Hung.</p>


Himax Technologies Sis It Joins Forces With E Ink To Revolutionize Smart Retail With Premier Of WiseEye AI At 2024 Touch Taiwan

Himax Says It Will Showcase TinyML-powered Versatile Ultralow Power WiseEye AI At Embedded World Exhibition & Conference 2024

<p>By the close of today, February 28, 2024, <b>NVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVEC#NASDAQ">NVEC</a>)</b> will issue a dividend payout of $1.00 per share, resulting in an annualized dividend yield of 5.56%. Only those investors who owned the stock prior to the ex-dividend date on January 26, 2024 will receive this payout.</p>
<h3>NVE Recent Dividend Payouts</h3>
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<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-26</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>5.56%</td>
<td>2024-01-17</td>
<td>2024-01-29</td>
<td>2024-02-28</td>
</tr>
<tr>
<td>2023-10-27</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>4.89%</td>
<td>2023-10-18</td>
<td>2023-10-30</td>
<td>2023-11-30</td>
</tr>
<tr>
<td>2023-07-28</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>4.13%</td>
<td>2023-07-19</td>
<td>2023-07-31</td>
<td>2023-08-31</td>
</tr>
<tr>
<td>2023-05-12</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>5.19%</td>
<td>2023-05-03</td>
<td>2023-05-15</td>
<td>2023-05-31</td>
</tr>
<tr>
<td>2023-01-27</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>5.28%</td>
<td>2023-01-25</td>
<td>2023-01-30</td>
<td>2023-02-28</td>
</tr>
<tr>
<td>2022-10-28</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>8.28%</td>
<td>2022-10-19</td>
<td>2022-10-31</td>
<td>2022-11-30</td>
</tr>
<tr>
<td>2022-07-29</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>8.33%</td>
<td>2022-07-20</td>
<td>2022-08-01</td>
<td>2022-08-31</td>
</tr>
<tr>
<td>2022-05-13</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>8.56%</td>
<td>2022-05-04</td>
<td>2022-05-16</td>
<td>2022-05-31</td>
</tr>
<tr>
<td>2022-01-28</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>6.09%</td>
<td>2022-01-19</td>
<td>2022-01-31</td>
<td>2022-02-28</td>
</tr>
<tr>
<td>2021-10-29</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>5.87%</td>
<td>2021-10-20</td>
<td>2021-11-01</td>
<td>2021-11-30</td>
</tr>
<tr>
<td>2021-07-30</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>5.3%</td>
<td>2021-07-22</td>
<td>2021-08-02</td>
<td>2021-08-31</td>
</tr>
<tr>
<td>2021-05-14</td>
<td style="text-align: right;">4</td>
<td>$1.0</td>
<td>5.41%</td>
<td>2021-05-05</td>
<td>2021-05-17</td>
<td>2021-05-31</td>
</tr>
</tbody>
</table>
<p>In terms of dividend yield, NVE finds itself in the middle ground among its industry peers, while <b>Himax Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>)</b> takes the lead with the highest annualized dividend yield at 9.04%.</p>
<h3>Analyzing NVE Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709132725_0.png" alt="dividend chart graph" /></p>
<p>From 2020 to 2023, the company maintained a consistent dividend per share of $4.00. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.</p>
<h3>YoY Earnings Growth For NVE</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709132725_1.png" alt="earning chart graph" /></p>
<p>From 2020 to 2023, NVE experienced a growth in earnings per share, with an increase from $2.42 to $4.47. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.</p>
<h3>Recap</h3>
<p>In this article, we delve into NVE's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $1.00 per share today, resulting in an annualized dividend yield of 5.56%.</p>
<p>In terms of dividend yield, NVE finds itself in the middle ground among its industry peers, while Himax Techs takes the lead with the highest annualized dividend yield at 9.04%.</p>
<p>Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for NVE indicates a sound financial status, which could enable the company to continue sharing profits with its investors.</p>
<p>Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.</p>
<p>[Track real-time stock fluctuations for NVE on Benzinga.](https://www.benzinga.com/quote/<b>NVE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvec#NASDAQ">NVEC</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

NVEC

NVE Nurtures Growth and Provides Investors with Value.

<p><strong>First&nbsp;</strong><strong>Quarter 2024&nbsp;Guidance</strong></p>
<p>Net Revenue: Decline&nbsp;9%&nbsp;to&nbsp;16%&nbsp;sequentially</p>
<p>Gross Margin: Around&nbsp;28.5%, depending on final product mix</p>
<p>Profit: 2.0 cents to 5.0 cents per diluted ADS</p>


Himax Technologies Expects First Quarter Net Revenue Decline of 9%-16% QoQ Vs $208M Est, EPADS of $0.02-$0.05 Vs $0.08 Est

Himax Technologies Q4 EPS $0.14 Vs $0.241 YoY, Sales $227.68M Beat $222.20M Estimate

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Earnings Scheduled For February 6, 2024

<p>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) (&quot;Himax&quot; or &quot;Company&quot;), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, and Zhejiang DESMAN&nbsp;Intelligent Technology Co., Ltd. (&quot;DESMAN&quot;), a Chinese leading brand in the smart door lock market, today jointly announced an advanced high-end smart door lock to be unveiled at CES 2024. The innovative Shotax Sentinel Cat Eye smart door lock features Himax&#39;s WiseEye technology, with potent vision AI and ultralow power consumption as key technical characteristics for the realization of 24/7 real-time monitoring and consecutive snapshot. This marks a significant technological advancement for power efficiency and security benchmark in smart home security.<br />
&nbsp;</p>


Himax Teams Up with Zhejiang DESMAN Intelligent Technology Co to Unveil High-End Smart Door Locks at CES 2024

<p>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) (&quot;Himax&quot; or &quot;Company&quot;), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company, in collaboration with Seeed Studio, the IoT hardware partner providing services that empower developers to implement their projects and products for digital transformation, will unveil a cutting-edge battery-powered endpoint AI vision processing module, Grove Vision AI Module V2, at CES 2024. This processing module features Himax&#39;s WiseEye2 AI processor HX6538 (&quot;WE2&quot;), renowned for its extremely low power consumption and exceptional AI inference performance, offering the most versatile and extensive AI development capabilities. Positioned at the forefront of the industry, the processing module serves as a powerful endpoint AI development platform, paving the way for future AI applications.<br />
&nbsp;</p>


Himax and Seeed Studio Collaborate to Debut the Industry's Most Innovative Battery-Powered Endpoint AI Vision Processing Module at CES 2024

General

Himax Technologies To Unveil Its New Generation WiseEyeTM AI Processor WE2 During CES 2024

<p>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) (&quot;Himax&quot; or &quot;Company&quot;), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the Company will debut industry leading in-cell TDDI, HX83132 series, for prevailing LCD notebook, and the on-cell touch controller, HX85200 series, targeting high-end AMOLED notebook at CES 2024, the largest consumer electronics show in Las Vegas, U.S.A., from January 9 &ndash; 12, 2024.</p>


Himax to Debut Industry Leading In-Cell TDDI for LCD Notebook and On-Cell Touch Controller for Premium AMOLED Notebook at CES 2024

<p>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) (&quot;Himax&quot; or &quot;Company&quot;), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, and its subsidiary CM Visual Technology Corp. (&quot;CMVT&quot;), a pioneer in microstructure optical film design and mass production, announced their collaboration with Ta Yih Industrial Co., Ltd. (&quot;Ta Yih Industrial&quot;), a prominent automotive lighting manufacturer, showcasing the jointly developed cutting-edge LED Edge-Lit Type automotive lighting application featuring CMVT&#39;s nano-optical film technology.</p>


Himax Collaborates with Ta Yih Industrial to Showcase Modern Automotive Lighting Innovations at CES 2024

<p><strong>Himax Technologies, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/himx#NASDAQ">HIMX</a>) shares are trading higher on Thursday. The stock has been trending upward since the company reported <a href="https://www.benzinga.com/news/earnings/23/11/35698322/semiconductor-company-himax-technologies-surpasses-q3-street-expectations-credits-positive-order-mo">third-quarter earnings last week</a>.<br />
&nbsp;</p>
<p><strong>What To Know: </strong>Himax Technologies reported its financial results on Nov. 9 before the open of the market. The company reported quarterly earnings of six cents per share, beating The Street&#39;s estimate of four cents, a 62.35% decrease over earnings of 17 cents per share from the same period last year.</p>
<p>Quarterly sales of $238.50 million beat the analyst consensus estimate of $229.38 million, a 11.64% increase over sales of $213.63 million the same period last year.</p>
<p>Shares of the stock have continued to gain over the past week following the earnings news. Also, on Monday, the company announced that it will attend UBS Global Technology Conference, from Nov. 27 to Nov. 30, at which management will hold in-person meetings with potential investors.</p>
<p><em>Related Link: <a href="https://www.benzinga.com/news/23/11/35836529/whats-going-on-with-sigma-additive-solutions-stock-today">What&#39;s Going On With Sigma Additive Solutions Stock Today</a></em></p>
<p><strong>HIMX Price Action: </strong>Shares of HIMX were up 3.65% at $6.27 at the time of publication, according to <a href="http://pro.benzinga">Benzinga Pro</a>.&nbsp;</p>
<p><em>Image by <a href="https://pixabay.com/users/republica-24347/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=89050">Republica</a> from <a href="https://pixabay.com//?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=89050">Pixabay</a></em></p>


<p><strong>Himax Technologies, Inc</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/himx#NASDAQ">HIMX</a>) reported a third-quarter FY23 revenue growth of 11.6% year-on-year to $238.52 million, beating the consensus of $229.38 million.<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/11/g35694347/himax-technologies-inc-reports-third-quarter-2023-financial-results-provides-fourth-quarter-2023-g" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;Net revenues increased 1.5% Q/Q.</a></p>
<p>Earnings per ADS was<a href="https://www.benzinga.com/calendars/earnings"> $0.06, beating the consensus of $0.04.</a></p>
<p>Q3 gross margin reached 31.4%, improving sequentially due to the strategic termination of certain high-cost foundry capacity agreements in Q2.</p>
<p>Revenue from large display drivers was $43.7 million, a decrease of 3.7% Q/Q but up 5.9% Y/Y.</p>
<p>Small and medium-sized display driver revenue was $161.1 million, an increase of 7.2% Q/Q and up 13.9% Y/Y.</p>
<p>Revenue for non-driver business was $33.7 million, down 14.4% Q/Q but up 9.0% compared to last year.</p>
<p>Operating expenses for the quarter declined 12.5% Y/Y to $63.7 million</p>
<p>Q3 operating income was $11.1 million compared to $3.95 million a year ago, and the margin expanded by 280 bps to 4.65%.&nbsp;</p>
<p>As of September 30, 2023, the company&#39;s inventories were $259.6 million, markedly lower than $297.3 million last quarter.</p>
<p>Himax held $155.4 million of cash, cash equivalents, and other financial assets as of September 30, 2023. HIMX generated a positive cash flow of $16.44 million, compared to $2.89 million a year ago.</p>
<p><strong>4Q23 Guidance:</strong>&nbsp;HIMX expects net revenues to decline 5.0% to 11.0% sequentially, gross margin to be around 30%, and profit to be <a href="https://www.benzinga.com/calendars/guidance">9.0 cents to 13.0 cents per diluted ADS.</a></p>
<p><strong>Price Action:</strong>&nbsp;HIMX shares traded higher by 6.01% at $5.85 on the last check Thursday.</p>


<p><strong>Himax Techs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) reported its Q3 earnings results on Thursday, November 9, 2023 at 05:00 AM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Himax Techs beat estimated earnings by 60.0%, reporting an EPS of $0.064 versus an estimate of $0.04.</p>
<p>Revenue was up $24.88 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat on EPS by $0.01 which was followed by a 3.21% increase in the share price the next day.</p>

<p>To track all earnings releases for Himax Techs <a href="https://www.benzinga.com/quote/HIMX/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Recap: Himax Techs Q3 Earnings

<p>Himax Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $0.04 by 60 percent. This is a 62.35 percent decrease over earnings of $0.17 per share from the same period last year.  The company reported quarterly sales of $238.50 million which beat the analyst consensus estimate of $229.38 million by 3.98 percent.  This is a 11.64 percent increase over sales of $213.63 million the same period last year.</p>


Himax Technologies Q3 EPS $0.06 Beats $0.04 Estimate, Sales $238.50M Beat $229.38M Estimate

<p>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) (&quot;Himax&quot; or &quot;Company&quot;), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced it has entered a Memorandum of Understanding (MOU) for Strategic Cooperation with Nexchip Semiconductor Corporation (&quot;Nexchip&quot;), a China based semiconductor foundry, for the supply of ICs for automotive display market, in response to escalating demand for automotive displays across the industry. Mr. Chen Ping-Po, Executive Vice President of Automotive Display and Touch Operation Unit at Himax, signed the MOU on behalf of the Company at Nexchip&#39;s new factory inauguration ceremony located in Hefei, China.<br />
&nbsp;</p>


Himax and Nexchip Forge Strategic Alliance Cultivating Global Automotive Display Market

<p>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) (&quot;Himax&quot; or &quot;Company&quot;), a leading supplier and fabless manufacturer of display drivers and other semiconductor products,&nbsp;today announced that mass production of its LTDI (Large Touch and Display Driver Integration) automotive display solution, HX83180 series, for leading vendors&#39; latest NEV models, commenced during the&nbsp;third quarter&nbsp;of 2023. LTDI design is particularly suitable for prevailing NEVs, known for their stylish smart cabins that feature large-sized display, panoramic view, free-form, curved design and in-cell touch functions. The Company has received a proliferation of inquiries regarding its LTDI solution which is now universally adopted by panel makers across the board.</p>


Himax Commences World's First Mass Production of LTDI Automotive Display Solution for NEVs

<p>Himax Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) (&quot;Himax&quot; or &quot;Company&quot;), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, and Liqxtal Technology Inc. (&quot;Liqxtal&quot;), a subsidiary of Himax dedicated to developing various liquid crystal optical components with exceptional design expertise, particularly specialized in electrically tunable lenses, today jointly unveiled the patented Liqxtal&trade; Graph Display Glasses which will debut at Vision Expo West 2023. The Vision Expo West is one of the most prestigious eyewear exhibitions around the world scheduled to take place from September 27 to 30, 2023 in Las Vegas, Nevada.<br />
&nbsp;</p>
<p>Liqxtal Graph is an unparalleled, patented technology with a design based on reflective TFT liquid crystal (&quot;LC&quot;) architecture that can display colored digital content, such as text, figure and animation, directly on the outer surface of the glasses lenses without compromising the user&#39;s line of sight, while delivering a comparable wearing experience to conventional glasses. When paired with the prevailing Internet of Things (IoT) technology, Liqxtal Graph can transform glasses into an innovative display platform that dynamically showcases diverse virtual colored objects onto the lenses with ultralow power consumption, making it ideal for wearable devices. This creates a broad array of application possibilities, such as real time signage, interactive gaming, and social media interaction, among others, greatly expanding the use cases for conventional glasses.</p>


"Himax and Liqxtal Unveil Liqxtal Graph Display Glasses, Redefining Wearable Tech at Vision Expo West 2023

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Benzinga's Top Ratings Upgrades, Downgrades For August 11, 2023

<p>Credit Suisse  analyst Jerry Su   upgrades Himax Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>) from Neutral to Outperform and raises the price target from $7 to $8.</p>


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Credit Suisse Upgrades Himax Techs to Outperform, Raises Price Target to $8

Himax Positioned For Jump Into AI And IoT

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There are some sectors poised for gains that investors should keep on their radars. These sectors could grow as much as 20 times. Furthermore, I believe that this is a conservative estimate based on analyst projections.</p>



<p>I think that these sectors are relatively untapped. Some are more well-known and the growth story is obvious. While other sectors poised for gains are quietly flying under the radar, ready for investors to embrace them.</p>



<p>There are also industries and subsectors in this list that could be more accretive for investors than others. However, gaining 20 times or more involves considerable risk and speculation. Having said that, that door is also open for investors who have a suitable risk tolerance.</p>



<p>So here are three sectors poised for gains that could potentially mint new millionaires. I advise investors to have at least a small allocation to these. This is in order to improve their risk-adjusted returns and total returns.</p>



<h2>Renewable Energy</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/greenenergy1600-300x169.jpg" alt="Green energy stocks"><div>Source: Shutterstock</div></div><p>This sector focuses on sustainable and eco-friendly energy sources like solar and wind power. I feel that despite this sector being an obvious growth sector, the companies within it trade at low valuations. There is great upside potential here.</p>



<p>Some companies to consider in this sector include <strong>First Solar</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/fslr-stock-quote/"><strong>FSLR</strong></a></span>), <strong>Brookfield Renewable Partners</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/bep-stock-quote/"><strong>BEP</strong></a></span>), or <strong>NextEra Energy</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nee-stock-quote/"><strong>NEE</strong></a></span>). These brands have suffered from some short-term headwinds (particularly in Europe). However, these are gearing up for a stronger 2024 and beyond.</p>



<p>As investor dollars flow to sexier investments such as robotics and AI, I think that renewable energy could come out ahead of the broader indices such as the <strong>S&amp;P 500</strong>, as well as potentially 20x in value as the market matures.</p>



<p>With more than <a href="https://www.seia.org/solar-industry-research-data">50% of all new power</a> coming to the grid in the United States from solar last year, this is a trend that will only continue to develop in the future.</p>



<h2>Information Technology</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/shutterstock_1034855800-300x169.png" alt="A photo of a satellite over earth."><div>Source: AlexLMX / Shutterstock</div></div><p>With that being said about renewables, my long-term thesis is that tech and information technology will continue to outperform all others for the foreseeable future. One reason of course is the explosion of AI. Companies like <strong>Microsoft</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a></span>) and <strong>Nvidia</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>) leading the charge.</p>



<p>AI, for instance, is expected to be worth <a href="https://www.sphericalinsights.com/reports/america-artificial-intelligence-ai-market">more than half a trillion dollars</a> by 2032. Who knows how far this trend will stretch into the future. There&rsquo;s also the growth of the semiconductor industry, of which many companies in the Majestic Seven will benefit.</p>



<p>While the broad indices such as the <strong>Nasdaq</strong> are unlikely to make 20 times gains, specific companies in this sector, especially small caps and <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> certainly have this potential.</p>



<p>Analysts have highlighted these stocks for having multibagger potential. They include: <strong>Nerdy</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nrdy-stock-quote/"><strong>NRDY</strong></a></span>), <strong>Himax Technologies</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/himx-stock-quote/"><strong>HIMX</strong></a></span>), and <strong>Guardforce AI </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/gfai-stock-quote/"><strong>GFAI</strong></a></span>).</p>



<h2>Biotechnology</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/biotechnologyepzm1600-300x169.png" alt="OLK Stock. Modern Medical Research Laboratory: Two Scientists Wearing Face Masks use Microscope, Analyse Sample in Petri Dish, Talk. Advanced Scientific Lab for Medicine, Biotechnology. Blue Color. KZR stock. RSLS stock. Best Biotech Stocks to Buy"><div>Source: Gorodenkoff / Shutterstock.com</div></div><p>The biotechnology sector, which includes companies focusing on genetic engineering, gene therapy, and pharmaceutical research, is advancing rapidly.</p>



<p><a href="https://investorplace.com/industries/healthcare/biotech/">Biotech stocks</a> are particularly suited for investors seeking high-risk, high-return gains, with the valuations of these companies often changing 1,000% or more on trial results, product announcements, and other developments.&nbsp;</p>



<p>For those who are more conservative, one can also invest in broad-market ETFs such as the <strong>iShares Nasdaq Biotechnology ETF</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ibb-stock-quote/"><strong>IBB</strong></a></span>) instead of buying shares in these risky penny stocks.</p>



<p>Still, as a rule of thumb, there is no potential for gain without a proportionate risk of loss, so to 20x your money, one must be prepared to pony up a sufficient amount of capital in a highly volatile investment.</p>



<p>Some promising industries within the biotech sector include <a href="https://worx1hr.com/fastest-growing-industries-top-5-sectors-by-2024/">genetic engineering, drug discovery, and personalized medicine</a>. Here you will find stocks capable of minting new millionaires with a sufficient investment.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>InvestorPlace.com Publishing Guidelines</a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/millionaire-makers-3-sectors-poised-for-20x-gains/">Millionaire Makers: 3 Sectors Poised for 20X Gains</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Millionaire Makers: 3 Sectors Poised for 20X Gains

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>This time of year brings many tasks, holiday shopping and making Easter eggs, mowing the grass for perhaps the first time all year, and giving the house a deep spring cleaning. So why not do the same with your portfolio and rid it of stocks to sell?</p>



<p>There&rsquo;s no time like the present when ridding your investment portfolio of underperforming stocks. And there are plenty of bad performers that you need to avoid if you&rsquo;re going to have a successful 2024.</p>



<p>While the market is bullish, stubbornly holding stocks to sell is the surest way to miss out on the riches you should be accumulating now. Weak-performing stocks can drag your holdings into the red before you know it.</p>



<p>We&rsquo;re using the Portfolio Grader to identify stocks to sell in your financial spring cleaning. </p>



<p>As you know, the Portfolio Grader evaluates stocks based on growth, earnings performance, analyst sentiment, momentum and other factors. If you have a stock with an &ldquo;F&rdquo; grade, you know it&rsquo;s past time to kick it to the curb.</p>



<h2>Lucid Group (LCID)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/lcid_lucid1600-300x169.png" alt="Lucid Motors (LCID) Air Dream Edition Luxury Electric car and it's technology on display in Lucid (LCID) Studio Showroom"><div>Source: Around the World Photos / Shutterstock.com</div></div><p>Don&rsquo;t let recent events fool you. <strong>Lucid Group </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/"><strong>LCID</strong></a>) may have been up 6% in the last two weeks on the power of an interesting infusion of Saudi cash, but this electric vehicle company still has massive issues.</p>



<p>To recap, Lucid entered into a <a href="https://investorplace.com/2024/03/lucid-motors-lcid-stock-pops-on-1-billion-infusion-from-saudi-pif/">subscription agreement</a> with the <strong>Public Investment Fund&rsquo;s</strong> Ayar Third Investment Company. </p>



<p>In a private placement, Ayar will give Lucid $1 billion in exchange for 10,000 Series A convertible preferred shares.</p>



<p>The deal should help Lucid scale and grow. However, it also seriously dilutes LCID stock, as the preferred shares will represent 278.15 million shares of Lucid, roughly 12% of the company&rsquo;s issued and outstanding shares.</p>



<p>Lucid needs to scale because it delivered only 6,000 vehicles in 2023. But as an investor, I&rsquo;m not on board and adding it to my list of stocks to sell. Even with this month&rsquo;s turnaround, LCID stock is down nearly 30% in 2024 and it still warrants an &ldquo;F&rdquo; rating in the Portfolio Grader.</p>



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/plug-1600-300x169.png" alt="Plug Power logo on computer screen. PLUG stock."><div>Source: Postmodern Studio / Shutterstock</div></div><p><strong>Plug Power </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/"><strong>PLUG</strong></a>) makes a batter that uses hydrogen and oxygen to produce electricity and only leaves water vapor as a byproduct.</p>



<p>But the process isn&rsquo;t cost-effective and Plug still hasn&rsquo;t figured out how to make money, which is why it&rsquo;s among the stocks to sell while you can. <a href="https://s29.q4cdn.com/600973483/files/doc_financials/2023/q3/3Q23-Investor-Letter-w-tables-11-9-2023-FINAL1-LOAD.pdf">Third-quarter earnings</a> of $198.7 million, but the company lost $283.4 million and 47 cents per share, which was worse than a year ago when it lost $170.7 million and 30 cents per share.</p>



<p>Plug is getting a boost from the U.S. Department of Energy, which is spending <a href="https://investorplace.com/2024/03/plug-stock-chuck-schumer-just-announced-a-75-million-boost-to-plug-power/">$75.7 million</a> to help Plug develop its facilities. Plug is also reportedly working on to secure a <a href="https://www.reuters.com/markets/commodities/plug-power-starts-liquid-green-hydrogen-production-2024-01-23/">$1.6 billion loan facility</a> with the U.S. government to help it with its liquidity issues. But I don&rsquo;t think it&rsquo;s enough for the long term.</p>



<p>PLUG stock is down 23% in 2024 and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.</p>



<h2>Himax Technologies (HIMX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/himx-1600-300x169.png" alt="Shipping label of a box from Himax. HIMX stock."><div>Source: Mamat Suryadi / Shutterstock</div></div><p>Fabless semiconductor manufacturer <strong>Himax Technologies </strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/himx-stock-quote/"><strong>HIMX</strong></a>) proves that not every semiconductor stock is a winner in today&rsquo;s market. Generative artificial intelligence is boosting many semiconductor companies, but Himax is being left in the dust.</p>



<p>Himax designs and makes display driver integrated circuits responsible for image quality and functionality. Himax products are used in TVs, tablets and automotive displays, items that are not seeing the same demand as those that drive AI applications.</p>



<p><a href="https://www.himax.com.tw/wp-content/uploads/2024/02/HIMAX-Q4-and-Full-Year-2023-Earnings-PR-Final.pdf">Revenue in the fourth quarter</a> was $227.6 million, down from $262.2 million a year ago. Profits of $23.5 million and 13 cents per share was a steep drop from the same quarter a year ago, when Himax brought in $42.1 million and 24 cents per share.</p>



<p>HIMX stock is down 11% in 2024 and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.</p>



<h2>AMC Entertainment Holdings (AMC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/amc1600-2-300x169.png" alt="The AMC Empire 25 Cinemas in Times Square in New York"><div>Source: rblfmr / Shutterstock.com</div></div><p><strong>AMC Entertainment Holdings</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/"><strong>AMC</strong></a>) has been among the most popular <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a> over the last few years. But being a meme stock doesn&rsquo;t help when a company has some basic problems that will keep the stock weak for the foreseeable future.</p>



<p>A weakened movie market has battered AMC. First, there&rsquo;s the rise of streaming services, which means people are much more willing to wait a couple of months to watch it in the comfort of their homes.</p>



<p>Then there are the aftereffects of last year&rsquo;s Writers Guild of America strike, which shut down production for months. Only two films &ndash; Dune: Part Two and Kung Fu Panda 4 &ndash; have generated more than $100 million in <a href="https://www.boxofficemojo.com/year/world/2024/">domestic box office sales</a> so far this year.</p>



<p>AMC&rsquo;s long-term debt load of $4.6 billion is making lenders nervous enough to meet to consider ways to <a href="https://investorplace.com/2024/03/amc-stock-why-lenders-are-meeting-to-discuss-amcs-debt/">prop up the balance sheet</a>.</p>



<p>AMC stock is down 29% this year and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.</p>



<h2>Mullen Automotive (MULN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/muln1600-2-300x169.png" alt="In this photo illustration, the Mullen Technologies (MULN) logo is displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div><p>As bad as meme stocks can be, they look good compared to the wretchedness of <strong>Mullen Automotive</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/muln-stock-quote/"><strong>MULN</strong></a></span>) stock. </p>



<p>Mullen still manages to be a penny stock, trading at less than $5 per share, despite three reverse stock splits in 2023, capped by a 1-for-100 split in December.</p>



<p>Mullen stock is down more than 99% in the last 12 months and has lost more than 60% so far in 2024. It delivered only 396 vehicles in the fourth quarter of 2023, and that was the best quarter in the company&rsquo;s history. The company reported a net loss of $61.4 million, or $15.32 per share.</p>



<p>The EV company hopes a pivot to <a href="https://news.mullenusa.com/mullen-continues-prioritization-of-commercial-evs">commercial EVs</a> will be its ticket to profitability. But if it doesn&rsquo;t work out, there&rsquo;s always the possibility of a few more stock splits to further reduce share value and artificially prop up the price, right?</p>



<p>MULN stock gets an &ldquo;F&rsquo; rating in the Portfolio Grader.</p>



<h2>Solid Power (SLDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/sldp_solid_power_1600-300x169.png" alt="Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Solid Power</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/sldp-stock-quote/"><strong>SLDP</strong></a>) develops all-solid-state battery cells, which use solid electrolytes as opposed to lithium-ion batteries that use a liquid electrolyte solution. </p>



<p>The batteries are seen as a viable alternative to lithium-ion batteries and could be used in everything from EVs to renewable energy.</p>



<p>Solid Power says its products will be safer, will provide more energy and will cost less than lithium-ion batteries. And that may be true. But the company is a growing business and is taking steep losses that aren&rsquo;t yet being realized by revenue.</p>



<p><a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-Full-Year-2023-Results-Reflect-Strong-Execution/default.aspx">Revenue in 2023</a> was $17.4 million, up from $11.7 million in 2022. But the company took losses of $65.5 million and 37 cents per share for the year, much higher than 2022 losses of $9.5 million and 5 cents per share. </p>



<p>Its 2024 outlook calls for revenue between $20 million and $25 million, while it expects to spend $100 million to $120 million on operations and capital expenditures.</p>



<p>I&rsquo;m not ready to write SLDP off. It may be a good company one day. But as an investment this spring, it&rsquo;s best to toss it to the curb and invest in a company that&rsquo;s making a profit for its shareholders.</p>



<p>SLDP stock gets an &ldquo;F&rdquo; rating in the Portfolio Grader.</p>



<h2>Pfizer (PFE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/Pfe1600-300x169.jpg" alt="Here's How Pfizer Stock (and Pharma) Stand to Benefit From Mylan Deal. Best Biotech Stocks to Buy"><div>Source: Manuel Esteban / Shutterstock.com</div></div><p>I also can&rsquo;t recommend a position in <strong>Pfizer</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/pfe-stock-quote/"><strong>PFE</strong></a>) stock today. </p>



<p>The company made a huge contribution to the planet by being one of the first companies to create an approved Covid-19 vaccination. And it was well-paid for its efforts, bringing in billions of dollars in revenue.</p>



<p>The problem with Pfizer stock today is that people aren&rsquo;t getting Covid-19 vaccinations as they were a year or two ago, so the company&rsquo;s revenues are way down. </p>



<p>Fourth-quarter revenue was $14.2 billion, but that&rsquo;s down 41% from a year ago. Income was $593 million. But that&rsquo;s down from $1.14 billion in the fourth quarter of 2022.</p>



<p>Even though it&rsquo;s one of the stocks to sell now, I think Pfizer has a good road ahead of it. The company is planning more than a dozen product launches in the next 18 months. </p>



<p>It also recently purchased Seagen, an oncology specialist, which will add four commercialized oncology products to its revenue stream.</p>



<p>But looking at PFE today, it&rsquo;s still too early to buy. PFE stock is down 3% in 2024 and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.</p>



<p><em>On the date of publication, neither Louis&nbsp;Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
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<p>The post <a href="https://investorplace.com/market360/2024/03/spring-cleaning-alert-7-dreadful-stocks-to-ditch-now/">Spring Cleaning Alert: 7 Dreadful Stocks to Ditch Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Spring Cleaning Alert: 7 Dreadful Stocks to Ditch Now

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>While innovators have flourished this year thanks to artificial intelligence and other advancements, it may seem difficult to find the most undervalued <a href="https://investorplace.com/industries/technology/">tech stocks</a> to buy in April. After all, the ecosystem has garnered so much attention that many companies command rich premiums.</p>



<p>However, the market features thousands of opportunities. And even specific sectors feature a wealth of possible ideas. It&rsquo;s just not possible for Wall Street experts to cover them all. So, it&rsquo;s definitely reasonable &ndash; with some digging around &ndash; to find underappreciated gems.</p>



<p>Of course, you&rsquo;ll have to accept a higher risk profile. If you&rsquo;re okay with that, these are the most undervalued tech stocks to buy in April.</p>



<h2>Photronics (PLAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/shutterstock_2043923687-300x169.jpg" alt="PLAB stock: Electronic board, pen, processor on the background of schematic circuit diagram and photomask for manufacture of printed circuit boards."><div>Source: Mentor57 / Shutterstock</div></div><p>Listed under the semiconductor equipment and materials segment of the tech ecosystem, <strong>Photronics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/plab-stock-quote/"><strong>PLAB</strong></a>) engages in the manufacture and sale of photomask products and services in the U.S. and other countries. <a href="https://finance.yahoo.com/quote/PLAB/profile">Per its public profile</a>, the company offers photomasks that are used in the manufacture of integrated circuits (ICs) and flat-panel displays (FPDs). It also specializes in transferring circuit patterns onto semiconductor wafers.</p>



<p>While most of the spotlight centers on the &ldquo;front-facing&rdquo; semiconductor companies like <strong>Nvidia</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>), investors should look into what goes on behind the scenes. Essentially, companies like Photronics keep the show running smoothly, making it a strong candidate for most undervalued tech stocks to buy in April.</p>



<p>Currently, PLAB stock trades at a <a href="https://www.gurufocus.com/stock/PLAB/summary?search=plab">trailing-year earnings multiple of 12.78X</a>. Also, it trades at 1.95X trailing-year revenue. Both stats are undervalued compared to their sector median values. Further, analysts project that in fiscal 2024, Photronics should enjoy decent earnings and sales growth.</p>



<p>D.A. Davidson is currently the <a href="https://www.tipranks.com/stocks/plab/forecast">only analyst</a> that covers PLAB stock, assigning a &ldquo;buy&rdquo; rating (but without a price target).</p>



<h2>Himax Technologies (HIMX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/himx-1600-300x169.png" alt="Shipping label of a box from Himax. HIMX stock."><div>Source: Mamat Suryadi / Shutterstock</div></div><p>Another semiconductor enterprise, <strong>Himax Technologies</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/himx-stock-quote/"><strong>HIMX</strong></a>) is a fabless semiconductor enterprise that provides display-imaging processing technologies in China, Taiwan and many other nations. The company operates in two segments: Driver IC and Non-Driver Products. Mainly, it focuses on display driver ICs and timing controllers used in televisions, laptops and automotive solutions, among many other applications.</p>



<p>Again, Himax isn&rsquo;t exactly what you call a front-facing enterprise. However, it&rsquo;s absolutely critical in the smooth running of the tech space, especially consumer electronics. Still, Wall Street isn&rsquo;t exactly giving HIMX its dues. That means right now, shares trade at a <a href="https://www.gurufocus.com/stock/HIMX/summary?search=himx">trailing-year earnings multiple of 18.72X</a>, below the sector median 32.8X.</p>



<p>On the top line, HIMX trades at only 0.98X trailing-year sales. That seems very low considering the broad relevancies. To be fair, analysts are only looking for earnings growth in fiscal 2024 while they anticipate negative growth in revenue. For top-line expansion, investors may have to wait until fiscal 2025.</p>



<p>Still, a lone analyst rates <a href="https://www.tipranks.com/stocks/himx">HIMX a buy with a $7 price target</a>. That seems more reasonable based on the underlying utility. It&rsquo;s one of the most undervalued tech stocks to buy in April.</p>



<h2>ViaSat (VSAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/vsat-stock-300x169.jpg" alt="An image of a phone cropped to display the logo for Viasat, Inc. (VSAT)"><div>Source: rafapress / Shutterstock.com</div></div><p>Conducting business in the communication equipment space, <strong>ViaSat</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/vsat-stock-quote/"><strong>VSAT</strong></a>) provides broadband and communications products and services worldwide. According to its <a href="https://finance.yahoo.com/quote/VSAT/profile">corporate profile</a>, ViaSat&rsquo;s Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses. It also offers in-flight entertainment and aviation software services to commercial airlines and private business jets.</p>



<p>Undoubtedly, VSAT is one of the riskiest ideas in terms of the most undervalued tech stocks to buy in April. Since the start of the year, shares succumbed to 41% worth of red ink. In the past one-year period, it&rsquo;s down almost 52%. Still, if the economy happens to march forward, ViaSat could potentially see increased demand.</p>



<p>Here are the stats. Shares trade at a trailing-year earnings multiple of 2.18X. As for the revenue multiple, we&rsquo;re talking about 0.45X. Both stats are subterranean compared to the industry. However, the intriguing aspect is that analysts see fiscal 2024 revenue landing at $4.22 billion, up 65.3% from last year&rsquo;s print.</p>



<p>Also, they peg VSAT as a <a href="https://www.tipranks.com/stocks/vsat/forecast">moderate buy</a> with a $32.20 price target, implying 95% upside potential.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-3-most-undervalued-tech-stocks-to-buy-in-april-2024/">The 3 Most Undervalued Tech Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Tech Stocks to Buy in April 2024

Himax Technologies: Even More Attractive Than Before, But Caution Is Warranted

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>This year, VR stocks are becoming more popular. But not everyone can afford to invest in the industry leader, <strong>Meta </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a></span>), which is expected to rise 44% in 2024 due to indicators of a recovering digital advertising market.</p>



<p>Meta capitalized on the resumption of advertising income after unsettling 2022 and 2023. After plunging to a low in 2022, META shares have recovered by doubling its earnings in Q4 of 23 and <a href="https://investor.fb.com/investor-news/press-release-details/2024/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend/default.aspx">paying out its first dividend</a>. </p>



<p>But one thing that appears to be lost on everyone is its metaverse business, which has lost around $50 billion. Here, Meta is going all in, and it can afford to lose.</p>



<p>To take advantage of a potentially $259 billion industry, investors would be better served by looking at three VR stocks that promise more than double-digit upside and each have their own distinct use case &mdash; whether it be via consortium blockchain solutions or accurate 3D copies.</p>



<h2>Matterport (MTTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/mttr-1600-300x169.png" alt="Matterport company logo on a website with blurry stock market developments in the background, seen on a computer screen through a magnifying glass. MTTR stock."><div>Source: Dennis Diatel / Shutterstock</div></div><p><strong>Matterport</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/mttr-stock-quote/"><strong>MTTR</strong></a>), a global leader in the digital twin and metaverse sectors, is underperforming in 2024 and has lost 28% of its market value.</p>



<p>But because of the Covid-19 pandemic, MTTR&rsquo;s groundbreaking work with digital twins and accurate 3D replicas of real places could make a comeback possible.</p>



<p>It&rsquo;s hard to value these two new categories. Fortune Business Insights expects the global digital twin market to grow 40% <a href="https://www.fortunebusinessinsights.com/digital-twin-market-106246">from $18 billion in 2024</a> to $259 billion in 2032. Polaris Market Research predicts the global metaverse market would reach $60 billion in 2022 and grow 41%.</p>



<p>Several Fortune 1000 companies trust the firm&rsquo;s technology. The relationship with Meta Platforms <a href="https://matterport.com/news/matterport-and-facebook-ai-research-collaborate-release-worlds-largest-dataset-3d-spaces">to produce digital twins</a> for AI research shows Matterport&rsquo;s technology&rsquo;s importance to metaverse infrastructure.</p>



<p><a href="https://matterport.com/blog/matterport-2024-winter-release-automating-the-future#:~:text=Matterport%20launches%20suite%20of%20new,personalization%20options%20in%20Matterport%20spaces.">Matterport&rsquo;s Winter 2024 Release</a> included AI-powered Property Intelligence upgrades. This feature package automates property measurements, layouts, editing and reporting from a Matterport digital twin to modernize property analytics.</p>



<p>The 2024 release includes Minimap, Compass, Business Card and Quick Link Showcase Plugins to facilitate digital twin navigation and interaction. </p>



<p>Matterport&rsquo;s <a href="https://matterport.com/blog/new-introducing-schematic-floor-plan-customization">schematic floor plans</a> now include color, branding, languages and furniture on/off. New tools eliminate site visits and provide more detailed house blueprints to attract qualified purchasers.</p>



<p>In addition, Matterport has launched Project Genesis, a generative AI platform that employs digital twins to develop property designs to transform property management autonomously.</p>



<p>Analysts project a <a href="https://www.tipranks.com/stocks/mttr/forecast">119% upside</a> based on a $4 target price.</p>



<h2>WiMi Hologram Cloud (WIMI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/hologram-1-300x169.jpg" alt="hologram of the earth being touched by a hand"><div>Source: sdecoret / Shutterstock.com</div></div><p><strong>WiMi Hologram Cloud </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/wimi-stock-quote/"><strong>WIMI</strong></a></span>) has created a lightweight multi-sectoral data-sharing solution using consortium blockchains to enhance data sharing across many industries.</p>



<p>Its blockchain for AR and holographic eye-tracking focusing technology advances demonstrate its industry leadership in the global AR and VR market, which Statista <a href="https://www.statista.com/outlook/amo/ar-vr/worldwide#:~:text=The%20AR%20%26%20VR%20market%20is,US%2458.1bn%20by%202028.">expects to grow 10.77%</a> (2024-2028) to $58.1 billion by 2028.</p>



<p>WiMi&rsquo;s focus on vehicle HUDs, education and healthcare suggests market growth in its future. Also, WiMi&rsquo;s strategic partnerships and expansions position it for market share and revenue growth.</p>



<p>The company has <a href="https://finance.yahoo.com/news/wimi-announced-weighted-pbft-improve-163000003.html">introduced a weighted PBFT algorithm</a> to increase throughput and efficiency. It optimizes blockchain cross-chain consensus for throughput, latency and fault tolerance.</p>



<p>In addition, WiMi&rsquo;s <a href="https://www.globenewswire.com/en/news-release/2024/01/29/2818848/0/en/WiMi-Developed-Holographic-Eye-Tracking-Focusing-System.html">innovative eye-tracking technology</a> uses spatial light modulators to adjust focus rapidly without mechanical components, improving user comfort and device stability.</p>



<p>The <a href="https://www.globenewswire.com/en/news-release/2024/01/29/2818848/0/en/WiMi-Developed-Holographic-Eye-Tracking-Focusing-System.html">eye-tracking WiMi HoloAR Lens</a> creates immersive and customized experiences in consumer and professional industries like healthcare and education.</p>



<p>Finally, last trading for 68 cents, the stock offers <a href="https://www.barchart.com/stocks/quotes/WIMI">a massive upside</a> with a $7 price target. </p>



<h2>Himax Technologies (HIMX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600a-300x169.jpg" alt="Close-up Presentation of a New Generation Microchip. Gloved Hand Holding Piece of Technological Wonder. Semiconductor stocks are in the news."><div>Source: Shutterstock</div></div><p><strong>Himax Technologies </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/himx-stock-quote/"><strong>HIMX</strong></a></span>) is down over 18% this year despite recording an earnings beat of 171% in Q4&rsquo;23. </p>



<p>But its significance in the production of semiconductors and display drivers is undervalued, which makes it a dark horse among VR stocks.</p>



<p>Himax&rsquo;s innovative AI processing technologies might draw in investors who are looking for low-cost tech startups.</p>



<p>Its semiconductor solutions process images on displays in consumer electronics. Additionally, thanks to its ultra-bright front-side color Sequence LCoS Microdisplay, Himax is a major player in the augmented reality eyewear market.</p>



<p>In the future, Himax&rsquo;s <a href="https://www.globenewswire.com/en/news-release/2024/04/03/2856703/8267/en/Himax-to-Unveil-Revolutionary-Ultralow-Power-Contactless-Palm-Vein-Authentication-Technology-WiseEye-Vein-at-ISC-West.html">ultralow-power contactless palm</a> vein authentication technology, WiseEye Vein, will make its debut at ISC West 2024. a piece of their battery-operated endpoint WiseEye AI series.</p>



<p>Moreover, <a href="https://www.marketscreener.com/quote/stock/HIMAX-TECHNOLOGIES-INC-16677/news/Himax-to-Feature-Exclusive-Next-Gen-Color-Sequential-Front-Lit-LCoS-and-3D-Sensing-Technologies-at-C-45623447/">Himax will also debut agile 3D sensing</a> and ultra-luminous Color Sequential Front-Lit LCoS microdisplay at CES 2024. These boost color and brightness for immersive AR.</p>



<p>In an effort to highlight developments in touch technology and display quality, Himax will also reveal its In-Cell TDDI for LCD notebooks and an On-Cell touch controller for premium AMOLED notebooks at CES 2024.</p>



<p>Incidentally, HIMX stock&rsquo;s consensus target price is also $7, <a href="https://www.tipranks.com/stocks/himx/forecast">translating into a 37% upside</a>.</p>



<p><em>On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.</em><span><a href="https://investorplace.com/cryptocurrency//"></a></span></p>
<div><p>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/meta-who-3-under-the-radar-vr-stock-plays-to-buy-instead/">Meta Who? 3 Under-the-Radar VR Stock Plays to Buy Instead</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Meta Who? 3 Under-the-Radar VR Stock Plays to Buy Instead

Himax Technologies joins hands with E Ink for smart retail

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>One of the golden rules in the market (and in life) is that you get what you pay for, which makes the concept of cheap <a href="https://investorplace.com/industries/technology/">tech stocks</a> a bit questionable. Yes, they may be cheap, priced at under $10. But is that really a good thing?</p>



<p>Invariably, when you take a shot in the market, you must choose between higher potentiality or higher predictability. The former approach is more tempting because it means more upside &ndash; if you get it right. If you don&rsquo;t, you&rsquo;re probably looking at steep losses. At that point, you should have went with the boring and predictable names.</p>



<p>However, you likely can&rsquo;t strike it rich without taking some calculated potshots. With that in mind, below are cheap tech stocks to consider.</p>



<h2>Grab (GRAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1922313167-300x169.png" alt="Motorcycle helmet with Grab logo on a motorcycle parked at the road side"><div>Source: Nor Sham Soyod / Shutterstock.com</div></div><p>Falling under the application software component of cheap tech stocks, <strong>Grab</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/grab-stock-quote/"><strong>GRAB</strong></a>) engages in the provision of super apps in compelling emerging markets. These are Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Per its public profile, the company offers its Grab ecosystem, which facilitates a wide range of services such as mobility and delivery.</p>



<p>What makes GRAB very enticing is that it currently runs a three-year revenue growth rate of 72%. Further, its EBITDA growth rate during the same period comes in at 37.5%. Granted, these metrics will slow as the enterprise expands. Still, at the moment, GRAB stock <a href="https://www.gurufocus.com/stock/GRAB/summary?search=grab">trades at 2.28X tangible book value</a>, below the sector median 3.53X.</p>



<p>For the current fiscal year, covering experts anticipate revenue to land at $2.75 billion. That&rsquo;s up 16.7% from last year&rsquo;s print of $2.36 billion. In the following year, the top line could jump to $3.22 billion, up 17% from projected 2024 sales.</p>



<p>Lastly, analysts rate GRAB a <a href="https://www.tipranks.com/stocks/grab/forecast">unanimous strong buy</a> with a $4.41 price target.</p>



<h2>Payoneer (PAYO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/payoneer_payo1600-300x169.png" alt="Payoneer editorial. Illustrative photo for news about Payoneer - an American financial services company."><div>Source: photo_gonzo / Shutterstock.com</div></div><p>Working under the infrastructure software space, <strong>Payoneer</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/payo-stock-quote/"><strong>PAYO</strong></a>) operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. Given the penchant for credit-card use, PAYO could be an intriguing idea for cheap tech stocks.</p>



<p>Notably, the company features a 27.5% three-year revenue growth rate. That&rsquo;s up 83.74% of the competition. Further, PAYO appears undervalued relative to certain metrics. Right now, shares trade at only 20.21X trailing-year earnings, below the sector median 26.3X. Also, PAYO is priced at 16.82X free cash flow.</p>



<p>For the current fiscal year, covering experts believe sales could rise to $882.83 million. That&rsquo;s up 6.2% from last year&rsquo;s print of $831.1 million. Also, in fiscal 2025, the company could post revenue of $968.18 million, up almost 10% against projected 2024 sales.</p>



<p>Notably, PAYO represents another <a href="https://www.tipranks.com/stocks/payo/forecast">unanimous strong buy</a> with a $6.88 average price target. The high-side target lands at $9, making it a solid choice for cheap tech stocks.</p>



<h2>Himax (HIMX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/himx-1600-300x169.png" alt="Shipping label of a box from Himax. HIMX stock."><div>Source: Mamat Suryadi / Shutterstock</div></div><p>A fabless semiconductor company, <strong>Himax Technologies</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/himx-stock-quote/"><strong>HIMX</strong></a>) provides display imaging processing technologies for multiple international markets. Primarily, it offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets and automotive solutions, among other categories. It&rsquo;s quietly relevant, making it a solid idea for cheap tech stocks.</p>



<p>Along with its pertinence to the broader tech ecosystem, Himax is undervalued. Presently, HIMX trades at only 17.16X trailing-year earnings. That&rsquo;s below 72.27% of sector rivals. Further, it trades at only 0.94X trailing-year sales. It doesn&rsquo;t get much love although the company has a history of delivering outstanding earnings performances.</p>



<p>For fiscal 2024, experts anticipate the company to post earnings per share of 39 cents, above last year&rsquo;s print of 29 cents. Now, the average sales target calls for parity with last year&rsquo;s result. However, the high-side estimate calls for $1.03 billion, up from 2023&rsquo;s tally of $945.43 million.</p>



<p>Analysts rate HIMX a <a href="https://www.tipranks.com/stocks/himx">moderate buy</a> with a $7 price target.</p>



<h2>VTEX (VTEX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/saas-1600-300x169.jpg" alt="A concept image of a person holding a phone with various icons representing software-as-a-service companies."><div>Source: TierneyMJ / Shutterstock.com</div></div><p>Another enterprise in the application software industry, <strong>VTEX</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/vtex-stock-quote/"><strong>VTEX</strong></a>) provides a Software-as-a-Service (SaaS) digital commerce platform for enterprise brands and retailers. <a href="https://finance.yahoo.com/quote/VTEX/profile">Per its corporate profile</a>, VTEX enables customers to execute their commerce strategy, including building online stores, integrating and managing orders across channels and creating marketplaces to sell products from third-party vendors. Beyond its U.S. market, it serves exciting arenas in Brazil, Argentina and Chile, among others.</p>



<p>Right now, the company is built for growth. Currently, its three-year sales expansion rate stands at 27.1%. That&rsquo;s up more than 83% from the rest of the field. However, investors do pay a premium for this revenue growth. For example, VTEX trades at a <a href="https://www.gurufocus.com/stock/VTEX/summary?search=vtex">trailing-year sales multiple of 6.75X</a>, above the sector median 2.21X.</p>



<p>For fiscal 2024, experts believe that the company&rsquo;s loss per share will land at 1 cent. That&rsquo;s an improvement over last year&rsquo;s loss of 7 cents. Also, revenue could hit $243.32 million, up 20.7% from 2023&rsquo;s haul of $255.44 million.</p>



<p>Analysts peg VTEX as a <a href="https://www.tipranks.com/stocks/vtex/forecast">moderate buy</a> with a $10 price target. The high side goes up to $13, making it one of the cheap tech stocks to consider.</p>



<h2>Stratasys (SSYS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/ssys-stock-300x169.jpg" alt="Stratasys (SSYS) logo on a black background"><div>Source: Lutsenko_Oleksandr / Shutterstock.com</div></div><p>Focused on the computer hardware segment of cheap tech stocks, <strong>Stratasys</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ssys-stock-quote/"><strong>SSYS</strong></a>) provides connected polymer-based 3D printing solutions. According to its <a href="https://finance.yahoo.com/quote/SSYS/profile">public profile</a>, the company offers a range of 3D printing systems, which include polyjet printers, stereolithography printing systems and solutions for additive manufacturing, among others. Given the history of the subsector, SSYS is risky. Still, it could also attract speculators.</p>



<p>Operationally, Stratasys has struggled for momentum. However, the company does enjoy a solid balance sheet, with a cash-to-debt ratio of 8.71X. That&rsquo;s superior to 76.55% of the competition. Also, SSYS trades at a tangible book value of 1.04X. Theoretically, that means the market only prices shares at a modest premium to the sum of its parts.</p>



<p>It is possible that investors could regret not jumping on SSYS when they had the chance. Yes, projected fiscal 2024 revenue of $634.98 million isn&rsquo;t that great compared to last year&rsquo;s result of $627.6 million. However, projected 2025 sales could hit $678.46 million, up nearly 7% from forecasted 2024 revenue.</p>



<p>Analysts rate SSYS a <a href="https://www.tipranks.com/stocks/ssys/forecast">consensus strong buy</a> with a $16.40 price target. Conspicuously, the most optimistic target calls for $23 per share.</p>



<h2>IonQ (IONQ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/quantum-computing-ionq-1600-300x169.jpg" alt="A concept image of a processor representing quantum computing. IONQ Stock. quantum computing stocks"><div>Source: Amin Van / Shutterstock.com</div></div><p>Operating in the computer hardware subcategory, <strong>IonQ</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ionq-stock-quote/"><strong>IONQ</strong></a>) engages in the development of general-purpose quantum computing systems. <a href="https://finance.yahoo.com/quote/IONQ/profile">Per its corporate profile</a>, IonQ sells access to quantum computers of various qubit capacities. It integrates with multiple cloud platforms, including those provided by <strong>Amazon</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a>) and <strong>Microsoft</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a>). With quantum computers poised to lead the next wave of processing innovation, IONQ is a compelling idea among cheap tech stocks.</p>



<p>To be fair, though, the company presents a high-risk, high-reward proposition. On the plus side, the business enjoys a stout balance sheet, with a cash-to-debt ratio of nearly 44X. That ranks higher than 88% of its rivals. On the flipside, the valuation is steep. IONQ trades at over 68X trailing-year revenue.</p>



<p>Nevertheless, the growth projections are enticing, leading some speculators to believe that the company could grow into its premium. Experts believe fiscal 2024 revenue could hit $38.93 million, up 76.6% from last year&rsquo;s result of $22.04 million. For fiscal 2025, sales could land at $81.83 million. If so, that would be up 110.2% from projected 2024 sales.</p>



<h2>AST SpaceMobile (ASTS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/astronaut-300x169.jpg" alt="A concept art of an astronaut with a space secene behind. Space Stocks"><div>Source: Shutterstock</div></div><p>Falling under the communication equipment realm, <strong>AST SpaceMobile</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/asts-stock-quote/"><strong>ASTS</strong></a>) develops and provides access to a space-based cellular broadband network for smartphones. <a href="https://finance.yahoo.com/quote/ASTS/profile">According to its public profile</a>, the company is perhaps best known for providing cellular broadband services to end-users who are out of terrestrial cellular coverage. Such capacity has significant industrial applications, along with broader connectivity relevancies.</p>



<p>As part of the wider space economy, ASTS has attracted significant attention. Nevertheless, it&rsquo;s an incredibly risky proposition, with shares down almost 56% since the start of the year. It&rsquo;s worth mentioning that without outstanding strengths in the balance sheet, AST is largely a narrative play.</p>



<p>That&rsquo;s not to say that Wall Street experts refuse to numbers on the table. On the contrary, they anticipate fiscal 2024 revenue to hit $77.67 million. Last year, the company posted nothing on the top line. Not only that, the most optimistic target calls for sales of $155 million.</p>



<p>Finally, analysts rate ASTS stock a <a href="https://www.tipranks.com/stocks/asts/forecast">unanimous strong buy</a> with an $11.13 average price target. If the stars align, we could be looking at 420% upside potential.</p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/cheap-tech-big-gains-7-stocks-under-10-to-buy-now/">Cheap Tech, Big Gains: 7 Stocks Under $10 to Buy Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Cheap Tech, Big Gains: 7 Stocks Under $10 to Buy Now

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The stock market is facing some unique challenges at this point. For starters, the specter of inflation continues to push back the timelines for interest rate cuts that many had anticipated by now. Then there&rsquo;s the incredibly uncertain geopolitical situation due to the Ukraine and Middle East conflict. Furthermore, the artificial intelligence (<span>AI</span>) catalyst hasn&rsquo;t materialized as most expected. Hence, its probably not the best time to be thinking about the best $10 stocks</p>



<p>Consequently, the stock market is now in correction territory, with more pain in the upcoming weeks. Nevertheless, most analysts and the general public still believe in soft and no-landing scenarios. Moreover, according to Bank of America chairman and CEO&nbsp;<a target="_blank" href="https://finance.yahoo.com/video/bank-america-ceo-potential-soft-120035092.html">Brian Moynihan</a>, the Federal Reserve is one course to getting inflation to 2%. Therefore, within the next few months, we could be witnessing the start of a new bull run, which significantly adds to the attractiveness of these three best $10 stocks.</p>



<h2>Best $10 Stocks: Grab (GRAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/grab-300x169.jpg" alt="A group of Grab riders on motorbikes in Bangkok, Thailand."><div>Source: Twinsterphoto / Shutterstock.com</div></div><p><strong>Grab</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/grab-stock-quote/"><strong>GRAB</strong></a>) operates a ride-hailing platform and super app, effectively tapping into the mushrooming Southeast Asian middle class. Over the past several quarters, it has been an excellent performer, piquing investor interest last year, gaining more than 10%. However, it hasn&rsquo;t taken off the way its business has in the past couple of years.</p>



<p>It boasts a spotless record of revenue beats in the past eight consecutive quarters, <a href="https://www.cnbc.com/2024/02/23/grab-posts-first-profitable-quarter-announces-share-buyback.html">topping its first profitable quarter</a> at the end of last year. Its fourth-quarter (Q4) report showed its first profit, an incredible feat considering it posted a whopping $391 million in the prior-year period. Moreover, it is expected to grow at <a href="https://seekingalpha.com/news/4070151-grab-beats-top-line-and-bottom-line-estimates-initiates-fy24-outlook">a healthy 14% to 17%</a> this year, positioning it for substantial long-term gains.</p>



<p>A lot of it has to do with the dynamic market it operates in, which is poised to continue growing at a considerable pace. According to Boston Consulting Group, in 2020, ASEAN&rsquo;s middle class grew by 9% to 200 million, with a projected 5% annual increase in middle-income households through 2030.</p>



<h2>inTest (INTT)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/07/inttmsn-300x165.jpg" alt=""><div>Source: Shutterstock</div></div><p><strong>inTest</strong>&nbsp;(NYSEMKT:<a href="https://investorplace.com/stock-quotes/intt-stock-quote/" target="_blank"><strong>INTT</strong></a>) is a tech firm with a lot of promise. It&rsquo;s a specialist in providing testing solutions for semiconductor manufacturers, focusing on integrated circuits and system-level assessments.</p>



<p>The semiconductor industry has been on fire in the past year or so, driven by the rapid advancements in AI. However, INTT stock remained out of favor with investors despite being a top performer in the past decade. In fact, <a href="https://seekingalpha.com/symbol/INTT/momentum/performance">its 181% gain</a> over the past 10 years surpasses the <strong>S&amp;P 500&rsquo;s</strong> 167% increase during the same period.</p>



<p>Nonetheless, InTest has shown robust progress despite the headwinds in the semiconductor space. Over the years, it has operated as a profitable enterprise, with a net loss on just one occasion in the past decade. Moreover, <a href="https://seekingalpha.com/symbol/INTT/profitability">its return on common equity and free cash flow (FCF)</a> margins are over 11.50%, respectively. Despite its solid profile, it&rsquo;s remarkably undervalued, with Tiprank&rsquo;s analysts predicting a 63% upside from current price levels.</p>



<h2>Himax Technologies (HIMX)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/03/himxmsn-300x165.jpg" alt="Image of a green semiconductor board"><div>Source: Shutterstock</div></div><p><strong>Himax Technologies</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/himx-stock-quote/"><strong>HIMX</strong></a>) operates as a fabless semiconductor business, offering display-imaging processing technologies in China, Taiwan, and other countries. A fabless company like Himax effectively outsources the production of its chips to foundries, focusing its efforts on designing and selling the hardware.</p>



<p>It may not be a well-known name, but as <em>InvestorPlace </em>contributor Josh Enomoto notes, it&rsquo;s <a href="https://investorplace.com/2024/04/the-3-most-undervalued-tech-stocks-to-buy-in-april-2024/">a crucial &ldquo;backstage&rdquo; asset</a> in consumer electronics. During the pandemic, the company experienced robust sales growth mainly due to the heightened demand for consumer electronics. However, growth rates have slowed substantially since then, but it&rsquo;s judging its business based on the pandemic anomaly is unwise. Moreover, it beat analyst estimates in three of the past quarters on revenue while posting a solid 18-cent beat in its EPS during Q4. Analysts expect it to continue growing at a decent pace, while Wall-Street believes it is trading <a href="https://www.tipranks.com/stocks/himx/forecast">at a 44% discount</a> to its intrinsic value.</p>



<p><em>On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a></em>.</p>
<div><p>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/what-is-the-best-10-stock-to-buy-in-april-3-top-picks/">What Is the Best $10 Stock to Buy in April? 3 Top Picks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

What Is the Best $10 Stock to Buy in April? 3 Top Picks

AMZN

ASTS

FSLR

GFAI

GRAB

INTT

IONQ

MSFT

MTTR

MULN

NRDY

NVDA

PAYO

PLAB

PLUG

SLDP

SSYS

VSAT

VTEX

WIMI

Press Releases

Himax Teams Up with DESMAN to Unveil Revolutionary High-End Smart Door Locks at CES 2024

Himax Technologies, Inc. Schedules Fourth Quarter and Full Year 2023 Financial Results Conference Call on Tuesday, February 6, 2024 at 8:00 AM EST

Opinion

Thinking about buying stock in Macy's, Ardelyx, SoFi Technologies, Panbela Therapeutics, or Himax Technologies?

Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter 2024 Guidance

Himax Technologies, Inc. to Attend BofA Securities 2024 APAC TMT Conference on March 19 - 21, 2024

Himax to Unveil Revolutionary Ultralow Power Contactless Palm Vein Authentication Technology, WiseEye Vein, at ISC West

Himax to Showcase tinyML-Powered Versatile Ultralow Power WiseEye™ AI at embedded world Exhibition&Conference 2024

Himax Technologies, Inc. Schedules First Quarter 2024 Financial Results Conference Call on Thursday, May 9, 2024 at 8:00 AM EDT

Himax Joins Forces with E Ink to Revolutionize Smart Retail with Premier of WiseEye™ AI at 2024 Touch Taiwan