Himax Technologies (HIMX) PT Lowered to $12.00 at Roth Capital

Himax Technologies (NASDAQ:HIMX) had its target price cut by Roth Capital from $15.00 to $12.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Roth Capital’s price target would suggest a potential upside of 46.34% from the company’s previous close.

A number of other analysts have also issued reports on HIMX. BidaskClub raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a research note on Friday. Robert W. Baird boosted their target price on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Zacks Investment Research lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Vetr lowered shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $14.98 target price for the company. in a research note on Monday, December 4th. Finally, Oppenheimer reissued a “sell” rating and set a $4.00 target price on shares of Himax Technologies in a research note on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.86.

Himax Technologies (HIMX) traded down $0.09 during mid-day trading on Tuesday, reaching $8.20. 6,646,241 shares of the company’s stock were exchanged, compared to its average volume of 5,083,945. The company has a market capitalization of $1,350.00, a PE ratio of 136.67, a price-to-earnings-growth ratio of 1.16 and a beta of 0.46. Himax Technologies has a fifty-two week low of $5.35 and a fifty-two week high of $13.95.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The firm had revenue of $181.10 million during the quarter, compared to analyst estimates of $184.30 million. Himax Technologies had a net margin of 1.25% and a return on equity of 2.10%. The business’s revenue was down 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. sell-side analysts expect that Himax Technologies will post 0.16 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Quentec Asset Management LLC lifted its stake in Himax Technologies by 28.5% in the third quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock worth $29,137,000 after acquiring an additional 591,273 shares during the period. Dalton Investments LLC lifted its stake in Himax Technologies by 8.6% in the third quarter. Dalton Investments LLC now owns 2,107,536 shares of the semiconductor company’s stock worth $23,035,000 after acquiring an additional 166,970 shares during the period. Yiheng Capital LLC lifted its stake in Himax Technologies by 36.4% in the third quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock worth $13,936,000 after acquiring an additional 340,104 shares during the period. CI Investments Inc. lifted its stake in Himax Technologies by 74.6% in the fourth quarter. CI Investments Inc. now owns 1,162,000 shares of the semiconductor company’s stock worth $12,108,000 after acquiring an additional 496,300 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in Himax Technologies by 41.2% in the fourth quarter. OppenheimerFunds Inc. now owns 870,809 shares of the semiconductor company’s stock worth $9,073,000 after acquiring an additional 254,158 shares during the period. 27.31% of the stock is 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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