Himax Technologies Rating Lowered to Neutral at Nomura (HIMX)
Himax Technologies (NASDAQ:HIMX) was downgraded by stock analysts at Nomura to a “neutral” rating in a report issued on Monday, AnalystRatings.NET reports.
Several other analysts have also recently commented on the stock. Analysts at Chardan Capital reiterated a “buy” rating on shares of Himax Technologies in a research note to investors on Friday, September 27th. They now have a $12.00 price target on the stock. Finally, analysts at Northland Capital Partners initiated coverage on shares of Himax Technologies in a research note to investors on Wednesday, September 11th. They set an “outperform” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $10.16.
Shares of Himax Technologies (NASDAQ:HIMX) traded up 2.15% during mid-day trading on Monday, hitting $10.92. The stock had a trading volume of 11,593,707 shares. Himax Technologies has a 52-week low of $1.77 and a 52-week high of $11.49. The stock has a 50-day moving average of $9.63 and a 200-day moving average of $7.03. The company has a market cap of $1.852 billion and a price-to-earnings ratio of 31.44.
Himax Technologies (NASDAQ:HIMX) last released its earnings data on Thursday, August 15th. The company reported $0.12 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.09 earnings per share. Himax Technologies’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Himax Technologies will post $0.40 EPS for the current fiscal year.
Himax Technologies, Inc (NASDAQ:HIMX) is a holding company that operates through its wholly owned subsidiary, Himax Technologies Limited (Himax Taiwan).
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