Himax Technologies, Inc. (NASDAQ:HIMX) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 27,455,942 shares, a decrease of 10.1% from the November 15th total of 30,552,223 shares. Based on an average trading volume of 8,113,297 shares, the short-interest ratio is currently 3.4 days.

Shares of Himax Technologies (NASDAQ:HIMX) opened at $10.36 on Thursday. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $13.95. The stock has a market cap of $1,869.05, a PE ratio of 181.00, a P/E/G ratio of 2.61 and a beta of 0.85.

HIMX has been the subject of a number of research analyst reports. Mizuho cut shares of Himax Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 11th. Roth Capital reaffirmed a “buy” rating and set a $10.00 target price on shares of Himax Technologies in a report on Tuesday, September 5th. Morgan Stanley lowered shares of Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 target price for the company. in a report on Monday, November 27th. Vetr raised shares of Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 target price for the company in a report on Tuesday, November 28th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Himax Technologies in a report on Sunday, October 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.40.

Several institutional investors and hedge funds have recently made changes to their positions in HIMX. US Bancorp DE grew its holdings in shares of Himax Technologies by 22.4% in the second quarter. US Bancorp DE now owns 17,868 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 3,270 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Himax Technologies by 209.5% in the second quarter. Bank of New York Mellon Corp now owns 44,027 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 29,804 shares during the period. Capital Investment Counsel Inc purchased a new stake in shares of Himax Technologies in the second quarter valued at about $109,000. Private Advisor Group LLC grew its holdings in shares of Himax Technologies by 19.7% in the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 2,850 shares during the period. Finally, Dalton Investments LLC grew its holdings in shares of Himax Technologies by 69.1% in the second quarter. Dalton Investments LLC now owns 1,940,566 shares of the semiconductor company’s stock valued at $15,913,000 after purchasing an additional 792,968 shares during the period. 26.90% of the stock is owned by hedge funds and other institutional investors.

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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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