Himax Technologies, Inc. (HIMX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) have been assigned a consensus rating of “Hold” from the twenty analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.23.

A number of research analysts recently issued reports on HIMX shares. Zacks Investment Research upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, October 4th. Macquarie reiterated an “outperform” rating and issued a $12.20 price target (up previously from $11.00) on shares of Himax Technologies in a research note on Wednesday, September 6th. ValuEngine raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Vetr raised shares of Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective on the stock in a report on Tuesday, November 28th. Finally, Mizuho cut shares of Himax Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, October 11th.

Himax Technologies (NASDAQ:HIMX) opened at $13.41 on Monday. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $13.95. The stock has a market cap of $2,307.91, a P/E ratio of 223.50, a P/E/G ratio of 3.22 and a beta of 0.83.

Hedge funds have recently added to or reduced their stakes in the business. Capital Investment Counsel Inc acquired a new position in shares of Himax Technologies in the 2nd quarter valued at $109,000. Stifel Financial Corp acquired a new position in shares of Himax Technologies in the 2nd quarter valued at $126,000. Bank of New York Mellon Corp increased its holdings in shares of 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 acquiring an additional 77 shares during the period. Private Advisor Group LLC increased its holdings in shares of Himax Technologies by 19.7% in the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 2,850 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of Himax Technologies in the 2nd quarter valued at $145,000. 26.90% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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