Himax Technologies (HIMX) Stock Rating Lowered by BidaskClub

Himax Technologies (NASDAQ:HIMX) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other research analysts have also issued reports about the stock. Robert W. Baird lifted their price objective on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Vetr lowered shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $11.54 price objective for the company. in a research note on Monday, September 25th. Instinet reiterated a “buy” rating and issued a $12.00 price objective (up from $10.00) on shares of Himax Technologies in a research note on Tuesday, September 26th. Lake Street Capital upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $8.50 to $13.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Himax Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.93.

Himax Technologies (HIMX) traded down $0.83 during trading on Tuesday, reaching $9.87. 10,480,000 shares of the company were exchanged, compared to its average volume of 5,340,000. Himax Technologies has a fifty-two week low of $4.88 and a fifty-two week high of $13.95. The stock has a market cap of $1,700.00, a price-to-earnings ratio of 164.50, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Himax Technologies had a net margin of 1.25% and a return on equity of 2.10%. equities research analysts predict that Himax Technologies will post 0.16 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Himax Technologies by 9.7% during the 2nd 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. Private Advisor Group LLC lifted its holdings in shares of Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 2,850 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Himax Technologies by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after acquiring an additional 3,320 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Himax Technologies by 0.8% during the 2nd quarter. California Public Employees Retirement System now owns 519,300 shares of the semiconductor company’s stock worth $4,258,000 after acquiring an additional 4,300 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Himax Technologies by 9.6% during the 2nd quarter. State Street Corp now owns 125,071 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 10,969 shares during the last quarter. 26.90% of the stock is 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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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