Credit Suisse Group Analysts Give Himax Technologies (HIMX) a $15.00 Price Target

Himax Technologies (NASDAQ:HIMX) has been given a $15.00 target price by analysts at Credit Suisse Group in a report issued on Thursday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 40.06% from the stock’s current price.

Several other equities research analysts have also recently issued reports on HIMX. Northland Securities reiterated an “outperform” rating and set a $15.00 price objective (up previously from $12.00) on shares of Himax Technologies in a research report on Thursday, September 14th. Vetr upgraded shares of Himax Technologies from a “buy” rating to a “strong-buy” rating and set a $11.54 price objective on the stock in a research report on Tuesday, September 19th. Roth Capital lifted their price objective on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, September 26th. Instinet reiterated a “buy” rating and set a $12.00 price objective (up previously from $10.00) on shares of Himax Technologies in a research report on Tuesday, September 26th. Finally, Lake Street Capital upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $8.50 to $13.00 in a research report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Himax Technologies currently has a consensus rating of “Buy” and a consensus target price of $10.93.

Himax Technologies (NASDAQ HIMX) remained flat at $$10.71 during midday trading on Thursday. The company had a trading volume of 1,996,889 shares, compared to its average volume of 5,540,000. Himax Technologies has a 1 year low of $4.88 and a 1 year high of $13.95. The company has a market cap of $1,850.00, a P/E ratio of 178.50, a PEG ratio of 1.78 and a beta of 0.85.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp increased its position in Himax Technologies by 9.7% in the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,583 shares during the last quarter. Private Advisor Group LLC increased its position in Himax Technologies by 19.7% in the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 2,850 shares during the last quarter. Profund Advisors LLC increased its position in Himax Technologies by 5.2% in the second quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 3,320 shares during the last quarter. California Public Employees Retirement System increased its position in Himax Technologies by 0.8% in the second quarter. California Public Employees Retirement System now owns 519,300 shares of the semiconductor company’s stock worth $4,258,000 after purchasing an additional 4,300 shares during the last quarter. Finally, State Street Corp increased its position in Himax Technologies by 9.6% in the second quarter. State Street Corp now owns 125,071 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 10,969 shares during the last quarter. Institutional investors own 26.90% of the company’s stock.

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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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