Credit Suisse Group upgraded shares of Himax Technologies, Inc. (NASDAQ:HIMX) from a neutral rating to a buy rating in a research report report published on Friday, August 4th. They currently have $11.00 target price on the semiconductor company’s stock.
HIMX has been the subject of several other reports. Robert W. Baird reduced their price target on Himax Technologies from $7.00 to $6.00 and set a neutral rating for the company in a research report on Friday, May 12th. Northland Securities reissued an outperform rating and set a $10.00 price target on shares of Himax Technologies in a research report on Wednesday, April 26th. Rosenblatt Securities cut Himax Technologies from a neutral rating to a sell rating and reduced their price target for the company from $7.00 to $6.00 in a research report on Friday, July 21st. Zacks Investment Research cut Himax Technologies from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Finally, ValuEngine cut Himax Technologies from a hold rating to a sell rating in a research report on Thursday, May 18th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Himax Technologies has an average rating of Hold and an average price target of $8.58.
Himax Technologies (NASDAQ HIMX) traded down 0.12% during midday trading on Friday, reaching $8.21. The company had a trading volume of 1,654,458 shares. The company’s 50-day moving average is $8.32 and its 200 day moving average is $7.68. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $10.95.
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The company also recently declared an annual dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were issued a dividend of $0.24 per share. This is a boost from Himax Technologies’s previous annual dividend of $0.12. This represents a yield of 2.71%. The ex-dividend date of this dividend was Thursday, July 27th. Himax Technologies’s dividend payout ratio (DPR) is presently 191.68%.
A number of hedge funds have recently added to or reduced their stakes in HIMX. Verition Fund Management LLC boosted its stake in Himax Technologies by 112.0% in the second quarter. Verition Fund Management LLC now owns 303,622 shares of the semiconductor company’s stock valued at $2,490,000 after buying an additional 160,422 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Himax Technologies during the second quarter valued at $145,000. State Street Corp boosted its stake in Himax Technologies by 9.6% in the second quarter. State Street Corp now owns 125,071 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 10,969 shares during the last quarter. Kayak Investment Partners LLC boosted its stake in Himax Technologies by 22.3% in the second quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock valued at $21,598,000 after buying an additional 479,400 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Himax Technologies during the second quarter valued at $126,000. 22.42% of the stock is owned by institutional investors and hedge funds.
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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