BidaskClub downgraded shares of Himax Technologies (NASDAQ:HIMX) from a hold rating to a sell rating in a research report released on Saturday morning.
Several other research firms have also recently weighed in on HIMX. Vetr cut Himax Technologies from a strong-buy rating to a buy rating and set a $14.98 price objective for the company. in a report on Monday, December 4th. Morgan Stanley cut Himax Technologies from an overweight rating to an equal weight rating and set a $12.00 price objective for the company. in a report on Monday, November 27th. Credit Suisse Group set a $15.00 price objective on Himax Technologies and gave the stock a buy rating in a report on Thursday, January 11th. Zacks Investment Research upgraded Himax Technologies from a sell rating to a buy rating and set a $12.00 price objective for the company in a report on Friday, January 12th. Finally, Robert W. Baird increased their price objective on Himax Technologies from $10.00 to $12.00 and gave the stock a buy rating in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Himax Technologies has a consensus rating of Hold and a consensus price target of $10.86.
Shares of Himax Technologies (NASDAQ:HIMX) opened at $7.94 on Friday. Himax Technologies has a fifty-two week low of $6.40 and a fifty-two week high of $13.95. The firm has a market capitalization of $1,370.00, a P/E ratio of 49.63, a price-to-earnings-growth ratio of 1.34 and a beta of 0.46.
Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Himax Technologies had a return on equity of 6.41% and a net margin of 4.08%. The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $184.30 million. During the same quarter last year, the business posted $0.03 EPS. The company’s quarterly revenue was down 11.0% compared to the same quarter last year. analysts expect that Himax Technologies will post 0.24 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Himax Technologies by 9.7% in 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 in the last quarter. California Public Employees Retirement System raised its position in shares of Himax Technologies by 0.8% in 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 in the last quarter. Aperio Group LLC bought a new position in shares of Himax Technologies in the 4th quarter worth approximately $107,000. State Street Corp raised its position in shares of Himax Technologies by 9.6% in 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 in the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Himax Technologies in the 4th quarter worth approximately $122,000. 33.87% of the stock is owned by hedge funds and other 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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