Himax Technologies (HIMX) Rating Increased to Buy at Zacks Investment Research

Himax Technologies (NASDAQ:HIMX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a $11.00 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.36% from the company’s current price.

According to Zacks, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays. “

HIMX has been the topic of a number of other reports. Robert W. Baird lifted their target price on Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. BidaskClub lowered Himax Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Roth Capital lifted their target price on Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, September 26th. Vetr raised Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 target price on the stock in a research report on Tuesday, November 28th. Finally, Mizuho lowered Himax Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $10.86.

Shares of Himax Technologies (NASDAQ:HIMX) opened at $9.79 on Friday. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $13.95. The stock has a market capitalization of $1,676.29, a PE ratio of 163.19, a PEG ratio of 1.41 and a beta of 0.85.

Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping 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%. analysts predict that Himax Technologies will post 0.16 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in 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 purchasing an additional 1,583 shares in the last quarter. Private Advisor Group LLC grew its stake in Himax Technologies by 19.7% in 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. Profund Advisors LLC grew its stake in Himax Technologies by 5.2% in the second quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 3,320 shares in the last quarter. California Public Employees Retirement System grew its stake 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 purchasing an additional 4,300 shares in the last quarter. Finally, State Street Corp grew its stake 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 purchasing an additional 10,969 shares in the last quarter. Institutional investors and hedge funds own 26.90% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Himax Technologies (HIMX) Rating Increased to Buy at Zacks Investment Research” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international copyright legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/21/himax-technologies-himx-rating-increased-to-buy-at-zacks-investment-research.html.

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)

Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply