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.
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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