Himax Technologies (HIMX) Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Himax Technologies (NASDAQ:HIMX) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other equities analysts have also recently weighed in on the company. Vetr raised Himax Technologies from a buy rating to a strong-buy rating and set a $14.86 price objective on the stock in a report on Tuesday, December 5th. Morgan Stanley cut Himax Technologies from an overweight rating to an equal weight rating and set a $12.00 price objective on the stock. in a report on Monday, November 27th. Oppenheimer reissued a sell rating and set a $4.00 price objective on shares of Himax Technologies in a report on Friday, November 10th. Robert W. Baird raised their price objective on Himax Technologies from $10.00 to $11.00 and gave the company an outperform rating in a report on Friday, November 10th. Finally, Zacks Investment Research cut Himax Technologies from a buy rating to a hold rating in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $10.40.

Shares of Himax Technologies (HIMX) traded up $0.21 during midday trading on Friday, hitting $10.53. The company had a trading volume of 3,882,115 shares, compared to its average volume of 7,302,504. The stock has a market cap of $1,812.26, a PE ratio of 175.50, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. Himax Technologies has a 52 week low of $4.88 and a 52 week high of $13.95.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Investment Counsel Inc bought a new position in Himax Technologies during the 2nd quarter worth approximately $109,000. Stifel Financial Corp bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $126,000. Private Advisor Group LLC grew its position in shares of Himax Technologies by 19.7% in 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. BlueCrest Capital Management Ltd bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $145,000. Finally, Northern Trust Corp grew its position in shares of Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after buying an additional 1,583 shares during the last quarter. Institutional investors and hedge funds own 26.90% of the company’s stock.

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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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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