Himax Technologies, Inc. (NASDAQ:HIMX) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 13,872,948 shares, a decrease of 8.6% from the August 15th total of 15,175,280 shares. Based on an average daily trading volume, of 3,231,938 shares, the short-interest ratio is presently 4.3 days.

Shares of Himax Technologies (NASDAQ:HIMX) opened at 10.50 on Friday. The stock has a 50 day moving average of $9.09 and a 200 day moving average of $8.18. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $11.97.

A number of hedge funds and other institutional investors have recently bought and sold shares of HIMX. Canada Pension Plan Investment Board lifted its stake in Himax Technologies by 2,325.6% in the first quarter. Canada Pension Plan Investment Board now owns 208,600 shares of the semiconductor company’s stock valued at $1,902,000 after acquiring an additional 200,000 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in Himax Technologies in the first quarter valued at approximately $750,000. US Bancorp DE lifted its stake in Himax Technologies by 0.7% in the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock valued at $133,000 after acquiring an additional 100 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Himax Technologies by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 77 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new stake in Himax Technologies in the first quarter valued at approximately $130,000. Hedge funds and other institutional investors own 21.74% of the company’s stock.

Several equities analysts recently issued reports on HIMX shares. ValuEngine downgraded shares of Himax Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Rosenblatt Securities downgraded shares of Himax Technologies from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $7.00 to $6.00 in a research note on Friday, July 21st. Credit Suisse Group raised shares of Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Friday, August 4th. Roth Capital reissued a “buy” rating and set a $10.00 price objective on shares of Himax Technologies in a research note on Tuesday, September 5th. Finally, Zacks Investment Research downgraded shares of Himax Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.03.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/15/short-interest-in-himax-technologies-inc-himx-decreases-by-8-6.html.

Himax Technologies Company Profile

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.

Receive News & Ratings for Himax Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.