Himax Technologies, Inc. (HIMX) Receives Average Rating of “Hold” from Brokerages

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.85.

HIMX has been the subject of a number of recent research reports. Vetr cut shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.04 price target for the company. in a research report on Monday, October 2nd. Lake Street Capital raised shares of Himax Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.50 to $13.00 in a research report on Thursday, September 28th. Instinet reissued a “buy” rating and set a $12.00 price target (up from $10.00) on shares of Himax Technologies in a research report on Tuesday, September 26th. Roth Capital lifted their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research raised 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 report on Wednesday, October 4th.

Shares of Himax Technologies (HIMX) opened at $9.42 on Tuesday. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $13.95. The company has a market cap of $1,620.00, a PE ratio of 157.00, a PEG ratio of 1.42 and a beta of 0.85.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Himax Technologies had a net margin of 1.25% and a return on equity of 2.10%. analysts predict that Himax Technologies will post 0.16 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in HIMX. FMR LLC increased its stake in Himax Technologies by 54.9% during the 2nd quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock valued at $74,253,000 after purchasing an additional 3,209,380 shares in the last quarter. CI Investments Inc. bought a new stake in Himax Technologies during the 3rd quarter valued at about $7,276,000. Quentec Asset Management LLC increased its stake in Himax Technologies by 28.5% during the 3rd quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock valued at $29,137,000 after purchasing an additional 591,273 shares in the last quarter. Kayak Investment Partners LLC increased its stake in Himax Technologies by 22.3% during the 2nd quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock valued at $21,598,000 after purchasing an additional 479,400 shares in the last quarter. Finally, Yiheng Capital LLC increased its stake in Himax Technologies by 36.4% during the 3rd quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock valued at $13,936,000 after purchasing an additional 340,104 shares in the last quarter. Institutional investors and hedge funds own 26.97% of the company’s stock.

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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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