Roth Capital Raises Himax Technologies, Inc. (HIMX) Price Target to $12.00
Himax Technologies, Inc. (NASDAQ:HIMX) had its price objective hoisted by equities researchers at Roth Capital from $10.00 to $12.00 in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the semiconductor company’s stock. Roth Capital’s price objective would indicate a potential upside of 26.32% from the stock’s previous close.
HIMX has been the topic of a number of other research reports. Rosenblatt Securities lowered Himax Technologies from a “neutral” rating to a “sell” rating and reduced their target price for the company from $7.00 to $6.00 in a research note on Friday, July 21st. Credit Suisse Group raised Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. reaffirmed a “sell” rating and issued a $4.00 target price on shares of Himax Technologies in a research report on Thursday, September 7th. ValuEngine raised Himax Technologies from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Macquarie reaffirmed an “outperform” rating and issued a $10.30 target price on shares of Himax Technologies in a research report on Saturday, July 22nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Himax Technologies has a consensus rating of “Hold” and an average target price of $9.15.
Shares of Himax Technologies (NASDAQ:HIMX) traded up 0.853% during mid-day trading on Tuesday, reaching $9.581. The company’s stock had a trading volume of 3,500,059 shares. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $11.97. Himax Technologies also was the target of unusually large options trading on Monday. Stock traders acquired 19,069 call options on the company. This represents an increase of approximately 187% compared to the typical daily volume of 6,652 call options.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Investment Counsel Inc purchased a new position in Himax Technologies during the 2nd quarter worth approximately $109,000. Bank of New York Mellon Corp grew its position in 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 worth $130,000 after purchasing an additional 77 shares in the last quarter. Private Advisor Group LLC purchased a new position in Himax Technologies during the 1st quarter worth approximately $130,000. US Bancorp DE grew its position in Himax Technologies by 0.7% during the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after purchasing an additional 100 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in Himax Technologies during the 2nd quarter worth approximately $126,000. Hedge funds and other institutional investors own 21.70% 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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