Himax Technologies’ (HIMX) “Outperform” Rating Reaffirmed at Northland Securities
Himax Technologies, Inc. (NASDAQ:HIMX)‘s stock had its “outperform” rating reissued by analysts at Northland Securities in a report released on Thursday. They presently have a $15.00 price objective on the semiconductor company’s stock, up from their prior price objective of $12.00. Northland Securities’ price objective would indicate a potential upside of 44.09% from the company’s previous close.
HIMX has been the subject of a number of other reports. 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. Oppenheimer Holdings, Inc. restated a “sell” rating and issued a $4.00 price objective on shares of Himax Technologies in a research note on Thursday, September 7th. Macquarie restated an “outperform” rating and issued a $12.20 price objective (up from $11.00) on shares of Himax Technologies in a research note on Wednesday, September 6th. ValuEngine cut shares of Himax Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Finally, Vetr cut shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $11.54 price objective for the company. in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Himax Technologies presently has an average rating of “Hold” and a consensus target price of $9.03.
Shares of Himax Technologies (NASDAQ:HIMX) traded up 0.77% during trading on Thursday, hitting $10.49. 2,043,072 shares of the stock were exchanged. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $11.97.
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Large investors have recently added to or reduced their stakes in the stock. Capital Investment Counsel Inc acquired a new position in Himax Technologies during the 2nd quarter valued at $109,000. Stifel Financial Corp bought a new stake in Himax Technologies in the 2nd quarter valued at $126,000. Private Advisor Group LLC bought a new stake in Himax Technologies in the 1st quarter valued at $130,000. Bank of New York Mellon Corp increased its holdings in Himax Technologies by 0.5% in 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 buying an additional 77 shares during the period. Finally, 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 valued at $133,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 21.74% of the company’s stock.
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.
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