Himax (NASDAQ:HIMX)‘s stock had its “neutral” rating reissued by Roth Capital in a research note issued to investors on Thursday, March 15th.
A number of other research firms have also issued reports on HIMX. Robert W. Baird increased their price target on shares of Himax from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Northland Securities lowered shares of Himax from an “outperform” rating to a “market perform” rating in a research report on Friday, March 9th. Nomura lowered shares of Himax 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. BidaskClub lowered shares of Himax from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Finally, Vetr lowered shares of Himax from a “strong-buy” rating to a “buy” rating and set a $14.98 price objective on the stock. in a research report on Monday, December 4th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.79.
Shares of NASDAQ:HIMX traded down $0.01 during trading hours on Thursday, hitting $6.38. 1,646,261 shares of the company’s stock traded hands, compared to its average volume of 3,486,033. Himax has a 52 week low of $5.97 and a 52 week high of $13.95. The firm has a market cap of $1,099.74, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 2.26 and a beta of 0.37.
Himax (NASDAQ:HIMX) last posted its quarterly earnings data 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 had a net margin of 4.08% and a return on equity of 6.41%. The firm had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $184.30 million. During the same period in the prior year, the company posted $0.03 earnings per share. Himax’s quarterly revenue was down 11.0% compared to the same quarter last year. equities analysts forecast that Himax will post 0.11 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of HIMX. Aperio Group LLC acquired a new stake in Himax in the fourth quarter worth about $107,000. Two Sigma Securities LLC acquired a new stake in Himax in the fourth quarter worth about $122,000. Northern Trust Corp increased its position in Himax 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 during the period. Aviance Capital Management LLC increased its position in Himax by 1,502.5% in the fourth quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 13,598 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Himax in the third quarter worth about $193,000. 33.19% of the stock is owned by institutional investors.
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Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
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