Himax Technologies, Inc. (NASDAQ:HIMX)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Macquarie in a note issued to investors on Saturday, July 22nd. They currently have a $10.30 price target on the semiconductor company’s stock. Macquarie’s target price suggests a potential upside of 25.46% from the company’s current price.
Several other equities analysts have also weighed in on the company. Rosenblatt Securities lowered Himax Technologies from a “neutral” rating to a “sell” rating and cut their target price for the company from $7.00 to $6.00 in a research note on Friday, July 21st. CIBC reissued an “underperform” rating and issued a $4.00 target price on shares of Himax Technologies in a research note on Friday, July 14th. Cann assumed coverage on Himax Technologies in a research note on Friday, July 14th. They issued a “buy” rating on the stock. Oppenheimer Holdings, Inc. reissued an “underperform” rating and issued a $4.00 target price (down previously from $8.00) on shares of Himax Technologies in a research note on Friday, July 14th. Finally, Northland Securities restated an “outperform” rating and issued a $10.00 price target on shares of Himax Technologies in a report on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.58.
Shares of Himax Technologies (NASDAQ:HIMX) traded down 0.12% during midday trading on Friday, reaching $8.21. 1,654,458 shares of the company’s stock traded hands. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $10.95.
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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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