Himax Technologies, Inc. (NASDAQ:HIMX) was downgraded by Mizuho from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, The Fly reports.

Several other research firms have also recently weighed in on HIMX. Northland Securities reissued an “outperform” rating and issued a $10.00 target price on shares of Himax Technologies in a research note on Wednesday, July 12th. BidaskClub raised shares of Himax Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Oppenheimer Holdings, Inc. reissued an “underperform” rating and issued a $4.00 target price (down from $8.00) on shares of Himax Technologies in a research note on Friday, July 14th. CIBC reaffirmed an “underperform” rating and set a $4.00 price target on shares of Himax Technologies in a report on Friday, July 14th. Finally, Macquarie reaffirmed an “outperform” rating and set a $10.30 price target on shares of Himax Technologies in a report on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.03.

Shares of Himax Technologies (NASDAQ HIMX) traded down 6.6545% during mid-day trading on Wednesday, hitting $9.4559. 10,526,765 shares of the stock were exchanged. The company has a market capitalization of $1.63 billion, a PE ratio of 86.7514 and a beta of 0.79. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $11.97. The firm has a 50-day moving average price of $10.19 and a 200 day moving average price of $8.52.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Capital Investment Counsel Inc acquired a new stake in shares of Himax Technologies during the second quarter worth $109,000. Bank of New York Mellon Corp lifted its holdings in shares of Himax Technologies by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after buying an additional 77 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Himax Technologies by 0.7% during the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Himax Technologies during the second quarter worth $126,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Himax Technologies by 19.7% during the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after buying an additional 2,850 shares in the last quarter. 21.70% of the stock is owned by 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.

The Fly

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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