Analysts Offer Insights on Consumer Goods Companies: Himax Technologies (NASDAQ: HIMX) and NeoPhotonics (NYSE: NPTN)

By Jason Carr

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Himax Technologies (NASDAQ: HIMX) and NeoPhotonics (NYSE: NPTN) with bullish sentiments.

Himax Technologies (NASDAQ: HIMX)

Northland Securities analyst Gus Richard reiterated a Buy rating on Himax Technologies (NASDAQ: HIMX) today and set a price target of $12. The company’s shares opened today at $7.94.

According to TipRanks.com, Richard is a 5-star analyst with an average return of 30.9% and a 70.4% success rate. Richard covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Applied Optoelectronics, and Advanced Micro Devices.

Himax Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $10.57.

NeoPhotonics (NYSE: NPTN)

In a report released today, Paul Silverstein from Cowen & Co. reiterated a Buy rating on NeoPhotonics (NYSE: NPTN), with a price target of $11. The company’s shares opened today at $6.08.

According to TipRanks.com, Silverstein is a 5-star analyst with an average return of 31.5% and a 60.0% success rate. Silverstein covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Xtera Communications Inc, and Applied Optoelectronics.

Currently, the analyst consensus on NeoPhotonics is Moderate Buy and the average price target is $8.75, representing a 43.9% upside.

In a report issued on February 23, Rosenblatt Securities also maintained a Buy rating on the stock with a $13 price target.

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