Himax Technologies, Inc. (NASDAQ:HIMX) shares fell 8.2% during trading on Tuesday . The company traded as low as $9.95 and last traded at $10.01. 9,622,345 shares were traded during mid-day trading, an increase of 80% from the average session volume of 5,337,796 shares. The stock had previously closed at $10.90.
Several brokerages have issued reports on HIMX. Northland Securities reiterated an “outperform” rating and set a $15.00 target price (up from $12.00) on shares of Himax Technologies in a report on Thursday, September 14th. Vetr cut shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $11.54 target price on the stock. in a report on Monday, September 25th. Instinet reiterated a “buy” rating and set a $12.00 target price (up from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Lake Street Capital upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.50 to $13.00 in a report on Thursday, September 28th. Finally, Oppenheimer reiterated a “sell” rating and set a $4.00 target price on shares of Himax Technologies in a report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.40.
The stock has a market capitalization of $1,722.76, a price-to-earnings ratio of 166.83, a price-to-earnings-growth ratio of 2.40 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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