Roth Capital reaffirmed their neutral rating on shares of Himax Technologies (NASDAQ:HIMX) in a research report report published on Thursday.
Other equities research analysts also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of Himax Technologies from $10.00 to $12.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. BidaskClub downgraded shares of Himax Technologies from a hold rating to a sell rating in a research report on Friday, January 26th. Nomura downgraded shares of Himax Technologies from a buy rating to a hold rating and cut their price objective for the company from $10.00 to $8.00 in a research report on Friday, March 9th. Zacks Investment Research downgraded shares of Himax Technologies from a hold rating to a sell rating in a research report on Wednesday, January 10th. Finally, Northland Securities downgraded shares of Himax Technologies from an outperform rating to a market perform rating in a research report on Friday, March 9th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Himax Technologies currently has a consensus rating of Hold and an average target price of $10.79.
Himax Technologies (NASDAQ HIMX) traded up $0.08 during trading hours on Thursday, reaching $7.34. 568,984 shares of the company’s stock were exchanged, compared to its average volume of 4,436,733. Himax Technologies has a fifty-two week low of $6.40 and a fifty-two week high of $13.95. The company has a market cap of $1,270.00, a P/E ratio of 45.38, a PEG ratio of 2.61 and a beta of 0.52.
Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Himax Technologies had a return on equity of 6.41% and a net margin of 4.08%. The company had revenue of $181.10 million during the quarter, compared to the consensus estimate of $184.30 million. During the same period last year, the firm posted $0.03 EPS. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. equities research analysts expect that Himax Technologies will post 0.11 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Himax Technologies during the 3rd quarter valued at $286,000. NF Trinity Capital Hong Kong Ltd purchased a new position in shares of Himax Technologies during the 4th quarter valued at $4,897,000. Clear Harbor Asset Management LLC lifted its stake in shares of Himax Technologies by 744.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 159,800 shares of the semiconductor company’s stock valued at $1,665,000 after buying an additional 140,880 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Himax Technologies by 50.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 66,029 shares of the semiconductor company’s stock valued at $722,000 after buying an additional 22,002 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Himax Technologies during the 3rd quarter valued at $353,000. Institutional investors own 33.22% 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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