Raymond James Financial Services Advisors Inc. bought a new stake in Himax Technologies, Inc. (NASDAQ:HIMX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,307 shares of the semiconductor company’s stock, valued at approximately $353,000.
A number of other large investors have also recently modified their holdings of HIMX. Capital Investment Counsel Inc acquired a new stake in Himax Technologies during the second quarter worth approximately $109,000. Stifel Financial Corp acquired a new stake in Himax Technologies during the second quarter worth approximately $126,000. Bank of New York Mellon Corp raised its holdings in Himax Technologies by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 77 shares in the last quarter. Private Advisor Group LLC raised its holdings in Himax Technologies by 19.7% during 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 in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in Himax Technologies during the second quarter worth approximately $145,000. 26.90% of the stock is currently owned by hedge funds and other institutional investors.
Himax Technologies, Inc. (NASDAQ HIMX) opened at $10.53 on Friday. Himax Technologies, Inc. has a 1 year low of $4.88 and a 1 year high of $13.95. The firm has a market cap of $1,812.26, a price-to-earnings ratio of 175.50, a P/E/G ratio of 2.53 and a beta of 0.85.
A number of analysts have weighed in on the stock. Vetr cut shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $14.98 price objective on the stock. in a report on Monday, December 4th. Morgan Stanley cut shares of Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 target price on the stock. in a report on Monday, November 27th. Macquarie reaffirmed an “outperform” rating and issued a $12.20 target price (up from $11.00) on shares of Himax Technologies in a report on Wednesday, September 6th. Roth Capital reaffirmed a “buy” rating and issued a $10.00 target price on shares of Himax Technologies in a report on Tuesday, September 5th. Finally, Oppenheimer reaffirmed a “sell” rating and issued a $4.00 target price on shares of Himax Technologies in a report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.40.
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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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