Himax Technologies (NASDAQ:HIMX) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday, December 30th.
A number of other research analysts have also recently weighed in on the company. Mizuho cut Himax Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 11th. Vetr raised Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective on the stock in a research note on Tuesday, November 28th. Roth Capital reaffirmed a “buy” rating and set a $10.00 price objective on shares of Himax Technologies in a research note on Tuesday, September 5th. Morgan Stanley lowered Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a research note on Monday, November 27th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Himax Technologies in a research note on Sunday, October 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Himax Technologies currently has an average rating of “Buy” and a consensus target price of $10.93.
Himax Technologies (NASDAQ:HIMX) opened at $10.70 on Friday. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $13.95. The firm has a market capitalization of $1,841.51, a price-to-earnings ratio of 178.33, a PEG ratio of 1.55 and a beta of 0.85.
A number of large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC acquired a new position in shares of Himax Technologies in the 3rd quarter valued at about $193,000. Cubist Systematic Strategies LLC acquired a new position in shares of Himax Technologies in the 3rd quarter valued at about $232,000. Yiheng Capital LLC lifted its stake in shares of Himax Technologies by 36.4% in the 3rd quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock valued at $13,936,000 after purchasing an additional 340,104 shares in the last quarter. Quentec Asset Management LLC lifted its stake in shares of Himax Technologies by 28.5% in the 3rd quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock valued at $29,137,000 after purchasing an additional 591,273 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Himax Technologies in the 3rd quarter valued at about $671,000. 26.90% of the stock is currently owned by hedge funds and other 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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