BidaskClub Downgrades Himax Technologies (HIMX) to Hold

BidaskClub lowered shares of Himax Technologies (NASDAQ:HIMX) from a buy rating to a hold rating in a report issued on Saturday, December 16th.

HIMX has been the topic of several other research reports. Zacks Investment Research downgraded shares of Himax Technologies from a buy rating to a hold rating in a report on Tuesday, October 24th. Roth Capital boosted 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. Vetr raised shares of Himax Technologies from a strong sell rating to a strong-buy rating and set a $14.98 price objective for the company in a research report on Tuesday, November 28th. Oppenheimer reissued a sell rating and issued a $4.00 price objective on shares of Himax Technologies in a research report on Thursday, September 7th. Finally, Macquarie reissued an outperform rating and issued a $12.20 price objective (up previously from $11.00) on shares of Himax Technologies in a research report on Wednesday, September 6th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Himax Technologies presently has a consensus rating of Hold and an average price target of $10.72.

Shares of Himax Technologies (HIMX) traded down $0.03 during midday trading on Friday, hitting $10.71. 3,549,224 shares of the company’s stock traded hands, compared to its average volume of 3,849,853. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $13.95. The stock has a market capitalization of $1,840.00, a P/E ratio of 178.50, a PEG ratio of 1.78 and a beta of 0.85.

Several institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of 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 acquiring an additional 1,583 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Himax Technologies by 19.7% in the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 2,850 shares during the period. US Bancorp DE boosted its stake in shares of Himax Technologies by 22.4% in the second 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 period. Profund Advisors LLC boosted its stake in shares of Himax Technologies by 5.2% in the second quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock valued at $555,000 after purchasing an additional 3,320 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of 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 valued at $4,258,000 after purchasing an additional 4,300 shares during the period. 26.90% of the stock is owned by institutional investors.

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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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