Zacks Investment Research upgraded shares of Himax Technologies (NASDAQ:HIMX) from a hold rating to a buy rating in a research note published on Friday, January 19th. They currently have $11.00 target price on the semiconductor company’s stock.
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. “
Several other analysts also recently commented on the stock. Instinet reaffirmed a buy rating and issued a $12.00 price objective (up from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Roth Capital upped their price objective on shares of Himax Technologies from $10.00 to $12.00 and gave the company a buy rating in a report on Tuesday, September 26th. Vetr downgraded shares of Himax Technologies from a strong-buy rating to a buy rating and set a $12.04 price objective on the stock. in a report on Monday, October 2nd. Robert W. Baird increased their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the stock a buy rating in a report on Tuesday, January 9th. Finally, Lake Street Capital raised shares of Himax Technologies from a hold rating to a buy rating and increased their price target for the stock from $8.50 to $13.00 in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $10.86.
Himax Technologies (NASDAQ:HIMX) traded up $0.28 during midday trading on Friday, hitting $8.29. 4,520,000 shares of the company traded hands, compared to its average volume of 4,960,000. Himax Technologies has a 1 year low of $4.88 and a 1 year high of $13.95. The company has a market cap of $1,430.00, a price-to-earnings ratio of 138.17, a PEG ratio of 1.16 and a beta of 0.46.
Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Himax Technologies had a net margin of 1.25% and a return on equity of 2.10%. The business had revenue of $197.15 million for the quarter, compared to analyst estimates of $191.28 million. analysts expect that Himax Technologies will post 0.16 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of HIMX. Bank of New York Mellon Corp raised its position in shares of Himax Technologies by 209.5% in the second quarter. Bank of New York Mellon Corp now owns 44,027 shares of the semiconductor company’s stock valued at $362,000 after buying an additional 29,804 shares during the last quarter. Private Advisor Group LLC increased its position in Himax Technologies by 19.7% during 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 during the last quarter. Profund Advisors LLC increased its position in Himax Technologies by 5.2% during 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 during the last quarter. Northern Trust Corp increased its position in Himax Technologies by 9.7% during 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 during the last quarter. Finally, FMR LLC increased its position in Himax Technologies by 54.9% during the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after purchasing an additional 3,209,380 shares during the last quarter. Institutional investors and hedge funds own 27.31% of the company’s stock.
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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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