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.
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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