Himax Technologies (HIMX) Raised to “Hold” at BidaskClub

Himax Technologies (NASDAQ:HIMX) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Himax Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Credit Suisse Group set a $15.00 target price on Himax Technologies and gave the company a “buy” rating in a report on Thursday, January 11th. Robert W. Baird raised their target price on Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Lake Street Capital set a $13.00 price target on Himax Technologies and gave the stock a “buy” rating in a report on Thursday, December 28th. Finally, Vetr upgraded Himax Technologies from a “buy” rating to a “strong-buy” rating and set a $14.86 price target on the stock in a report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $10.86.

Himax Technologies (NASDAQ HIMX) opened at $8.01 on Friday. Himax Technologies has a fifty-two week low of $4.88 and a fifty-two week high of $13.95. The firm has a market capitalization of $1,378.55, a P/E ratio of 133.50, a PEG ratio of 1.16 and a beta of 0.46.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Himax Technologies had a return on equity of 2.10% and a net margin of 1.25%. The company had revenue of $197.15 million for the quarter, compared to analyst estimates of $191.28 million. equities analysts forecast that Himax Technologies will post 0.16 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Northern Trust Corp lifted its holdings 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 period. 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 buying an additional 4,300 shares during the last quarter. Aperio Group LLC purchased a new stake in Himax Technologies in the fourth quarter worth $107,000. 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 buying an additional 10,969 shares during the last quarter. Finally, Aviance Capital Management LLC increased its position in Himax Technologies by 1,502.5% in the fourth quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock worth $151,000 after buying an additional 13,598 shares during the last quarter. Institutional investors and hedge funds own 26.99% 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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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