Himax Technologies, Inc. (NASDAQ:HIMX)‘s stock had its “sell” rating reiterated by Oppenheimer Holdings, Inc. in a note issued to investors on Thursday. They currently have a $4.00 price target on the semiconductor company’s stock. Oppenheimer Holdings, Inc.’s price target indicates a potential downside of 60.75% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Vetr cut shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $9.34 price objective for the company. in a research note on Thursday, June 8th. Nomura set a $9.00 price objective on shares of Himax Technologies and gave the company a “buy” rating in a research note on Saturday, May 13th. Cann started coverage on shares of Himax Technologies in a research note on Friday, July 14th. They set a “buy” rating for the company. Credit Suisse Group upgraded shares of Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Friday, August 4th. Finally, Northland Securities restated a “buy” rating and set a $12.00 price objective on shares of Himax Technologies in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.70.

Shares of Himax Technologies (HIMX) traded up 0.79% during mid-day trading on Thursday, reaching $10.19. 8,913,882 shares of the company’s stock were exchanged. The company has a market capitalization of $1.75 billion, a PE ratio of 93.49 and a beta of 0.80. The company’s 50-day moving average price is $8.85 and its 200-day moving average price is $8.07. Himax Technologies has a one year low of $4.88 and a one year high of $11.97.

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Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 77 shares in the last quarter. US Bancorp DE increased its holdings in Himax Technologies by 0.7% in the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after acquiring an additional 100 shares in the last quarter. Northern Trust Corp increased its holdings in Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,583 shares in the last quarter. Private Advisor Group LLC increased its holdings in Himax Technologies by 19.7% in the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 2,850 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in Himax Technologies by 5.2% in the 2nd quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after acquiring an additional 3,320 shares in the last quarter. 21.74% of the stock is owned by hedge funds and other institutional investors.

About Himax Technologies

Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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