Himax Technologies, Inc. Given Average Recommendation of “Buy” by Brokerages (NASDAQ:HIMX)
Himax Technologies, Inc. (NASDAQ:HIMX) has earned an average recommendation of “Buy” from the eleven analysts that are covering the company, AR Network reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $10.79.
A number of research firms have recently commented on HIMX. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Himax Technologies, Inc. in a research note on Friday, August 8th. Separately, 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, August 5th. They now have a $7.60 price target on the stock, up previously from $7.00. Finally, 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, August 4th.
Himax Technologies, Inc. (NASDAQ:HIMX) opened at 8.35 on Thursday. Himax Technologies, Inc. has a 52 week low of $5.70 and a 52 week high of $16.15. The stock’s 50-day moving average is $6.69 and its 200-day moving average is $9.28. The company has a market cap of $1.424 billion and a P/E ratio of 19.50.
Himax Technologies, Inc. (NASDAQ:HIMX) last released its 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. Analysts expect that Himax Technologies, Inc. will post $0.46 EPS 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.
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