Himax Technologies (HIMX) Stock Rating Lowered by Vetr

Himax Technologies (NASDAQ:HIMX) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They currently have a $14.98 price objective on the semiconductor company’s stock. Vetr‘s price objective points to a potential upside of 12.55% from the stock’s current price.

HIMX has been the subject of several other research reports. Zacks Investment Research raised Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, October 4th. Macquarie reissued an “outperform” rating and issued a $12.20 price objective (up previously from $11.00) on shares of Himax Technologies in a report on Wednesday, September 6th. ValuEngine raised Himax Technologies from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Mizuho lowered Himax Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, October 11th. Finally, Robert W. Baird reissued a “buy” rating on shares of Himax Technologies in a report on Sunday, October 22nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.24.

Shares of Himax Technologies (NASDAQ HIMX) opened at $13.31 on Monday. Himax Technologies has a twelve month low of $4.88 and a twelve month high of $13.95. The firm has a market capitalization of $2,340.00, a PE ratio of 223.50, a P/E/G ratio of 3.22 and a beta of 0.85.

A number of hedge funds have recently bought and sold shares of the business. Capital Investment Counsel Inc bought a new stake in shares of Himax Technologies during the 2nd quarter valued at about $109,000. Stifel Financial Corp bought a new stake in shares of Himax Technologies during the 2nd quarter valued at about $126,000. Bank of New York Mellon Corp boosted its position in shares of Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 77 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 2,850 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Himax Technologies during the 2nd quarter valued at about $145,000. 26.90% of the stock is 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.

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