Himax Technologies, Inc. Now Covered by Analysts at Brean Capital (HIMX)
Equities research analysts at Brean Capital began coverage on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
Shares of Himax Technologies, Inc. (NASDAQ:HIMX) traded up 2.87% on Wednesday, hitting $6.81. 4,928,771 shares of the company’s stock traded hands. Himax Technologies, Inc. has a one year low of $4.99 and a one year high of $16.15. The stock has a 50-day moving average of $6.86 and a 200-day moving average of $11.20. The company has a market cap of $1.161 billion and a P/E ratio of 17.99.
Himax Technologies, Inc. (NASDAQ:HIMX) last released its earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.09. The company had revenue of $194.60 million for the quarter, compared to the consensus estimate of $194.20 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that Himax Technologies, Inc. will post $0.45 EPS for the current fiscal year.
A number of other firms have also recently commented on HIMX. Analysts at Chardan Capital cut their price target on shares of Himax Technologies, Inc. from $6.00 to $5.00 in a research note on Tuesday. They now have a “sell” rating on the stock. Separately, analysts at Craig Hallum downgraded shares of Himax Technologies, Inc. from a “buy” rating to a “hold” rating in a research note on Thursday, June 12th. They now have a $7.00 price target on the stock. Finally, analysts at Lake Street Capital initiated coverage on shares of Himax Technologies, Inc. in a research note on Tuesday, May 27th. They set a “hold” rating and a $7.50 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.44.
Himax Technologies, Inc operates as an IC design house with LCD manufacturing capability. The Company focuses on display IC products for display device and offers LCD technical consulting to customers to provide them with value-added technical support and integrated solutions.
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