Chardan Capital Reiterates Buy Rating for Himax Technologies (HIMX)
Himax Technologies (NASDAQ:HIMX)‘s stock had its “buy” rating reiterated by investment analysts at Chardan Capital in a note issued to investors on Friday, StockRatingsNetwork reports. They currently have a $12.00 target price on the stock. Chardan Capital’s price objective points to a potential upside of 18.23% from the stock’s previous close.
Shares of Himax Technologies (NASDAQ:HIMX) opened at 9.62 on Friday. Himax Technologies has a 1-year low of $1.77 and a 1-year high of $11.06. The stock has a 50-day moving average of $7.67 and a 200-day moving average of $6.35. The company has a market cap of $1.631 billion and a price-to-earnings ratio of 29.85.
Himax Technologies (NASDAQ:HIMX) last released its earnings data on Thursday, August 15th. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.12. The company had revenue of $207.00 million for the quarter, compared to the consensus estimate of $208.60 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Himax Technologies will post $0.40 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Northland Capital Partners initiated coverage on shares of Himax Technologies (NASDAQ:HIMX) in a research note to investors on Wednesday, September 11th. They set an “outperform” rating and a $12.00 price target on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Himax Technologies (NASDAQ:HIMX) in a research note to investors on Wednesday, September 11th. They set an “outperform” rating and a $12.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Himax Technologies (NASDAQ:HIMX) from $9.00 to $12.00 in a research note to investors on Thursday, September 5th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $10.01.
Himax Technologies, Inc (NASDAQ:HIMX) is a holding company that operates through its wholly owned subsidiary, Himax Technologies Limited (Himax Taiwan).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.