Instinet restated their buy rating on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a research report released on Friday morning. The brokerage currently has a $12.00 price objective on the semiconductor company’s stock.
A number of other equities research analysts also recently commented on the company. Roth Capital lifted their target price on Himax Technologies from $10.00 to $12.00 and gave the company a buy rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Himax Technologies from a hold rating to a buy rating and set a $13.00 target price on the stock in a research report on Wednesday, October 4th. Vetr downgraded Himax Technologies from a strong-buy rating to a buy rating and set a $12.04 target price on the stock. in a research report on Monday, October 2nd. Credit Suisse Group upgraded Himax Technologies from a neutral rating to a buy rating and set a $11.00 target price on the stock in a research report on Friday, August 4th. Finally, Oppenheimer Holdings, Inc. restated a sell rating and issued a $4.00 target price on shares of Himax Technologies in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $10.03.
Shares of Himax Technologies (NASDAQ:HIMX) opened at 9.33 on Friday. The stock has a market capitalization of $1.60 billion, a PE ratio of 85.60 and a beta of 0.79. The stock’s 50 day moving average price is $10.30 and its 200 day moving average price is $8.52. Himax Technologies has a one year low of $4.88 and a one year high of $11.97.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Counsel Inc purchased a new stake in Himax Technologies during the 2nd quarter worth about $109,000. Stifel Financial Corp purchased a new stake in Himax Technologies during the 2nd quarter worth about $126,000. Bank of New York Mellon Corp lifted its holdings in Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after buying an additional 77 shares during the last quarter. US Bancorp DE lifted its holdings in Himax Technologies by 0.7% during the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after buying an additional 2,850 shares during the last quarter. 21.70% of the stock is owned by hedge funds and other institutional investors.
About Himax Technologies
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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