Credit Suisse Group set a $15.00 target price on Himax Technologies (NASDAQ:HIMX) in a research report released on Thursday, January 11th. The brokerage currently has a buy rating on the semiconductor company’s stock.
A number of other brokerages have also recently commented on HIMX. BidaskClub cut Himax Technologies from a strong-buy rating to a buy rating in a research note on Saturday, December 9th. Robert W. Baird increased their target price on Himax Technologies from $10.00 to $11.00 and gave the stock an outperform rating in a research note on Friday, November 10th. Vetr cut Himax Technologies from a buy rating to a hold rating and set a $13.60 target price for the company. in a research note on Thursday, November 23rd. Instinet reissued a buy rating and set a $12.00 target price on shares of Himax Technologies in a research note on Friday, October 13th. Finally, Lake Street Capital set a $13.00 target price on Himax Technologies and gave the stock a buy rating in a research note on Thursday, December 28th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $10.86.
Shares of Himax Technologies (HIMX) traded down $0.84 during trading hours on Thursday, reaching $7.76. The company’s stock had a trading volume of 7,571,831 shares, compared to its average volume of 4,730,000. The company has a market cap of $1,330.00, a PE ratio of 129.33, a P/E/G ratio of 1.24 and a beta of 0.46. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $13.95.
Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $197.15 million during the quarter, compared to analysts’ expectations of $191.28 million. Himax Technologies had a return on equity of 2.10% and a net margin of 1.25%. analysts forecast that Himax Technologies will post 0.16 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIMX. Aperio Group LLC acquired a new stake in shares of Himax Technologies in the 4th quarter valued at approximately $107,000. Stifel Financial Corp acquired a new stake in Himax Technologies during the 2nd quarter valued at $126,000. Private Advisor Group LLC lifted its holdings in Himax Technologies by 19.7% during the 2nd 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 last quarter. BlueCrest Capital Management Ltd acquired a new stake in Himax Technologies during the 2nd quarter valued at $145,000. Finally, Northern Trust Corp lifted its holdings in Himax Technologies by 9.7% during the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after purchasing an additional 1,583 shares during the last quarter. 26.99% 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.
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