Himax Technologies (HIMX) Shares Gap Down to $7.76

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $7.14, but opened at $7.76. Himax Technologies shares last traded at $7.81, with a volume of 4111524 shares changing hands.

Several equities analysts recently weighed in on HIMX shares. Vetr downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $14.98 target price on the stock. in a research report on Monday, December 4th. BidaskClub downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 9th. Robert W. Baird reiterated a “buy” rating on shares of Himax Technologies in a research report on Sunday, October 22nd. Instinet reiterated a “buy” rating and set a $12.00 target price on shares of Himax Technologies in a research report on Friday, October 13th. Finally, Lake Street Capital set a $13.00 target price on Himax Technologies and gave the company a “buy” rating in a research report on Thursday, December 28th. Four research analysts have rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.86.

The company has a market cap of $1,370.00, a price-to-earnings ratio of 133.17, a PEG ratio of 1.24 and a beta of 0.46.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Himax Technologies had a return on equity of 3.43% and a net margin of 1.59%. The firm had revenue of $197.15 million for the quarter, compared to analysts’ expectations of $191.28 million. sell-side analysts anticipate that Himax Technologies, Inc. will post 0.16 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Aperio Group LLC bought a new stake in Himax Technologies during the fourth quarter worth approximately $107,000. Stifel Financial Corp bought a new stake in Himax Technologies during the second quarter worth approximately $126,000. Janney Montgomery Scott LLC bought a new stake in Himax Technologies during the third quarter worth approximately $193,000. BlueCrest Capital Management Ltd bought a new stake in Himax Technologies during the second quarter worth approximately $145,000. Finally, Northern Trust Corp increased its stake in Himax Technologies by 9.7% during the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,583 shares during the last quarter. 26.99% of the stock is currently owned by institutional investors.

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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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