Himax Technologies, Inc. (NASDAQ:HIMX)’s share price hit a new 52-week low on Thursday . The company traded as low as $3.62 and last traded at $3.67, with a volume of 124185 shares traded. The stock had previously closed at $3.91.
A number of brokerages recently weighed in on HIMX. Zacks Investment Research lowered shares of Himax Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday. Macquarie downgraded shares of Himax Technologies from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $12.00 to $6.00 in a research report on Thursday, August 16th. ValuEngine downgraded shares of Himax Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. BidaskClub downgraded shares of Himax Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 13th. Finally, Lake Street Capital set a $8.00 price target on shares of Himax Technologies and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Himax Technologies has an average rating of “Hold” and a consensus target price of $6.47.
The company has a market capitalization of $633.34 million, a P/E ratio of 23.38, a PEG ratio of 4.91 and a beta of -0.34.
Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, November 8th. The semiconductor company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $188.40 million for the quarter, compared to the consensus estimate of $188.20 million. Himax Technologies had a net margin of 3.31% and a return on equity of 5.56%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. On average, research analysts forecast that Himax Technologies, Inc. will post 0.03 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Stevens Capital Management LP bought a new position in Himax Technologies in the 3rd quarter worth about $100,000. Stelac Advisory Services LLC bought a new position in Himax Technologies in the 3rd quarter worth about $110,000. Russell Investments Group Ltd. bought a new position in Himax Technologies in the 2nd quarter worth about $153,000. Engineers Gate Manager LP bought a new position in Himax Technologies in the 2nd quarter worth about $201,000. Finally, Hsbc Holdings PLC bought a new position in Himax Technologies in the 3rd quarter worth about $229,000. Institutional investors and hedge funds own 19.55% of the company’s stock.
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About Himax Technologies (NASDAQ:HIMX)
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. 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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