Himax Technologies (HIMX) Raised to “Hold” at BidaskClub

Himax Technologies (NASDAQ:HIMX) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

HIMX has been the subject of several other research reports. Zacks Investment Research cut shares of Himax Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Robert W. Baird increased their price objective on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Vetr upgraded shares of Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective for the company in a report on Tuesday, November 28th. Oppenheimer reiterated a “sell” rating and issued a $4.00 price objective on shares of Himax Technologies in a report on Friday, November 10th. Finally, Morgan Stanley cut shares of Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective for the company. in a report on Monday, November 27th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Himax Technologies presently has a consensus rating of “Hold” and an average target price of $10.86.

Himax Technologies (NASDAQ:HIMX) opened at $7.75 on Friday. Himax Technologies has a 1 year low of $4.88 and a 1 year high of $13.95. The company has a market cap of $1,330.00, a PE ratio of 129.17, a price-to-earnings-growth ratio of 1.16 and a beta of 0.46.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, November 9th. The semiconductor company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Himax Technologies had a net margin of 1.25% and a return on equity of 2.10%. The firm had revenue of $197.15 million during the quarter, compared to analysts’ expectations of $191.28 million. sell-side analysts forecast that Himax Technologies will post 0.16 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of HIMX. Bank of New York Mellon Corp boosted its holdings in shares of Himax Technologies by 209.5% in the second quarter. Bank of New York Mellon Corp now owns 44,027 shares of the semiconductor company’s stock valued at $362,000 after acquiring an additional 29,804 shares in the last quarter. Northern Trust Corp lifted its stake in Himax Technologies by 9.7% during the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after purchasing an additional 1,583 shares during the last quarter. FMR LLC lifted its stake in Himax Technologies by 54.9% during the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock valued at $74,253,000 after purchasing an additional 3,209,380 shares during the last quarter. California Public Employees Retirement System lifted its stake in Himax Technologies by 0.8% during the second quarter. California Public Employees Retirement System now owns 519,300 shares of the semiconductor company’s stock valued at $4,258,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in Himax Technologies during the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 26.99% 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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