Himax Technologies, Inc. (HIMX) Receives Consensus Recommendation of “Hold” from Analysts

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Himax Technologies, Inc. (NASDAQ:HIMX) has been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.17.

A number of analysts have weighed in on the company. Macquarie cut Himax Technologies from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $12.00 to $6.00 in a research report on Thursday, August 16th. ValuEngine cut Himax Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Cowen set a $7.00 price target on Himax Technologies and gave the company a “hold” rating in a research report on Thursday, August 9th. Lake Street Capital set a $8.00 price target on Himax Technologies and gave the company a “buy” rating in a research report on Tuesday, September 25th. Finally, BidaskClub cut Himax Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th.

NASDAQ:HIMX traded up $0.10 during trading hours on Thursday, reaching $5.41. The company had a trading volume of 2,911,572 shares, compared to its average volume of 2,731,900. Himax Technologies has a one year low of $5.01 and a one year high of $13.95. The stock has a market capitalization of $960.34 million, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 33.48 and a beta of -0.52.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings results on Thursday, August 9th. The semiconductor company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Himax Technologies had a return on equity of 6.12% and a net margin of 3.66%. The firm had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $181.78 million. Himax Technologies’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities research analysts forecast that Himax Technologies will post 0.01 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Himax Technologies during the second quarter worth $153,000. Sheets Smith Wealth Management bought a new stake in shares of Himax Technologies during the second quarter worth $183,000. Engineers Gate Manager LP bought a new stake in shares of Himax Technologies during the second quarter worth $201,000. WESPAC Advisors SoCal LLC bought a new stake in shares of Himax Technologies during the second quarter worth $227,000. Finally, First Manhattan Co. bought a new stake in shares of Himax Technologies during the third quarter worth $253,000. Institutional investors own 22.89% of the company’s stock.

Himax Technologies Company Profile

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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Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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