Himax Technologies, Inc. Given Buy Rating at Topeka Capital Markets (HIMX)
A number of other analysts have also recently weighed in on HIMX. Analysts at Bank of America upgraded shares of Himax Technologies, Inc. from a “neutral” rating to a “buy” rating in a research note on Tuesday. They now have a $7.60 price target on the stock, up previously from $7.00. Separately, analysts at Lake Street Capital upgraded shares of Himax Technologies, Inc. from a “hold” rating to a “buy” rating in a research note on Monday. Finally, analysts at Brean Capital initiated coverage on shares of Himax Technologies, Inc. in a research note on Wednesday, June 25th. They set a “hold” rating and a $7.75 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Himax Technologies, Inc. currently has a consensus rating of “Buy” and a consensus target price of $10.79.
Shares of Himax Technologies, Inc. (NASDAQ:HIMX) traded up 2.58% during mid-day trading on Friday, hitting $7.17. The stock had a trading volume of 3,703,956 shares. Himax Technologies, Inc. has a 52 week low of $5.57 and a 52 week high of $16.15. The stock’s 50-day moving average is $6.39 and its 200-day moving average is $9.75. The company has a market cap of $1.223 billion and a P/E ratio of 18.99. Himax Technologies, Inc. also saw some unusual options trading activity on Wednesday. Stock investors acquired 25,309 call options on the stock. This is an increase of 548% compared to the typical daily volume of 3,906 call options.
Himax Technologies, Inc. (NASDAQ:HIMX) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $196.40 million for the quarter, compared to the consensus estimate of $194.95 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts predict that Himax Technologies, Inc. will post $0.43 earnings per share for the current fiscal year.
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.
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.