Tech Losers: Himax Technologies (NASDAQ:HIMX), GT Advanced Technologies Inc. (NASDAQ:GTAT), Ubiquiti Networks Inc. (NASDAQ:UBNT), Smith Micro Software (NASDAQ:SMSI)

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) Stock analysts at Oppenheimer dropped their target price on shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) from $13.00 to $10.00 in a report issued on Friday, AnalystRatingsNetwork.com reports. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) net profit margin is 8.00% and weekly performance is -23.92%. On last trading day company shares ended up $6.68. Analysts mean target price for the company is $13.13. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) distance from 50-day simple moving average (SMA50) is -42.32%.

On May 7, 2014, GT Advanced Technologies Inc. (NASDAQ:GTAT) issued a press release announcing financial results for the first quarter ended March 29, 2014. GT Advanced Technologies Inc. (NASDAQ:GTAT) shares fell -7.53% in last trading session and ended the day on $13.20. GTAT gross Margin is 31.10% and its return on assets is -8.90%.GT Advanced Technologies Inc. (NASDAQ:GTAT) quarterly performance is 22.95%.

Ubiquiti Networks (NASDAQ:UBNT) stock is sinking on Friday after analysts raised questions on an unexplained increase in inventory. Deutsche Bank reiterated its “hold” rating but lowered its price target to $35 from $42. Ubiquiti Networks Inc. (NASDAQ:UBNT) shares moved down -24.15% in last trading session and was closed at $31.38, while trading in range of $30.50 – $36.50. Ubiquiti Networks Inc. (NASDAQ:UBNT) year to date (YTD) performance is -31.72%.

Smith Micro Software, Inc. (NASDAQ:SMSI) emerged out to be the biggest loser of the day with more than 40% value loss in the early trade hours. The Bears took charge after the company posted wider than expected loss and announced plans of cutting of jobs. Smith Micro Software, Inc. (NASDAQ:SMSI) ended the last trading day at $0.850. Company weekly volatility is calculated as 13.47% and price to cash ratio as 2.20.Smith Micro Software, Inc. (NASDAQ:SMSI) showed a negative weekly performance of -46.53%.

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