Himax Technologies (HIMX) Trading Down 8.2%

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.

Large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new stake in shares of Himax Technologies in the 2nd quarter valued at about $126,000. Private Advisor Group LLC boosted its holdings in shares of Himax Technologies by 19.7% in the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 2,850 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Himax Technologies in the 2nd quarter valued at about $145,000. Northern Trust Corp boosted its holdings in shares of Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,583 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Himax Technologies by 22.4% in the 2nd quarter. US Bancorp DE now owns 17,868 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 3,270 shares during the last quarter. Institutional investors and hedge funds own 26.90% of the company’s stock.

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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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