Vetr cut shares of Himax Technologies (NASDAQ:HIMX) from a strong-buy rating to a buy rating in a research report released on Monday. Vetr currently has $14.98 price objective on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on HIMX. BidaskClub upgraded Himax Technologies from a hold rating to a buy rating in a report on Friday, August 25th. ValuEngine upgraded Himax Technologies from a sell rating to a hold rating in a report on Friday, September 1st. Roth Capital reissued a buy rating and set a $10.00 price target on shares of Himax Technologies in a research report on Tuesday, September 5th. Macquarie reissued an outperform rating and set a $12.20 price target (up from $11.00) on shares of Himax Technologies in a research report on Wednesday, September 6th. Finally, Oppenheimer reissued a sell rating and set a $4.00 price target on shares of Himax Technologies in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $10.24.

Himax Technologies (NASDAQ:HIMX) traded down $0.42 during trading hours on Monday, hitting $12.99. The company had a trading volume of 5,471,300 shares, compared to its average volume of 5,236,996. The company has a market capitalization of $2,307.92, a P/E ratio of 223.50, a PEG ratio of 3.22 and a beta of 0.85. Himax Technologies has a fifty-two week low of $4.88 and a fifty-two week high of $13.95.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of Himax Technologies by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 77 shares during the last quarter. US Bancorp DE lifted its position in shares of Himax Technologies by 22.4% in the second quarter. US Bancorp DE now owns 17,868 shares of the semiconductor company’s stock valued at $147,000 after buying an additional 3,270 shares during the last quarter. Capital Investment Counsel Inc acquired a new stake in shares of Himax Technologies in the second quarter valued at approximately $109,000. Private Advisor Group LLC lifted its position in shares of Himax Technologies by 19.7% in the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 2,850 shares during the last quarter. Finally, Dalton Investments LLC lifted its position in shares of Himax Technologies by 69.1% in the second quarter. Dalton Investments LLC now owns 1,940,566 shares of the semiconductor company’s stock valued at $15,913,000 after buying an additional 792,968 shares during the last quarter. 26.90% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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