BidaskClub Upgrades Himax Technologies (HIMX) to “Hold”

Himax Technologies (NASDAQ:HIMX) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other analysts have also recently issued reports about the stock. Robert W. Baird lifted their target price on shares of Himax Technologies from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Vetr lowered shares of Himax Technologies from a “buy” rating to a “hold” rating and set a $13.60 target price for the company. in a report on Thursday, November 23rd. Zacks Investment Research lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Instinet reissued a “buy” rating and issued a $12.00 price target on shares of Himax Technologies in a report on Friday, October 13th. Finally, Lake Street Capital set a $13.00 target price on shares of Himax Technologies and gave the stock a “buy” rating in a report on Thursday, December 28th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.86.

Himax Technologies (HIMX) opened at $8.01 on Friday. The company has a market cap of $1,378.55, a PE ratio of 133.50, a P/E/G ratio of 1.16 and a beta of 0.46. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $13.95.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, November 9th. The semiconductor company reported $0.02 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%. The business had revenue of $197.15 million for the quarter, compared to the consensus estimate of $191.28 million. analysts predict that Himax Technologies will post 0.16 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIMX. Aperio Group LLC acquired a new position in Himax Technologies during the 4th quarter worth approximately $107,000. Stifel Financial Corp purchased a new stake in Himax Technologies during the 2nd quarter worth approximately $126,000. BlueCrest Capital Management Ltd purchased a new stake in Himax Technologies during the 2nd quarter worth approximately $145,000. Northern Trust Corp increased its holdings in shares of Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 1,583 shares during the last quarter. Finally, Aviance Capital Management LLC increased its holdings in shares of Himax Technologies by 1,502.5% in the 4th quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 13,598 shares during the last quarter. 26.99% of the stock is currently owned by institutional investors and hedge funds.

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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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