Himax Technologies (NASDAQ:HIMX) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other analysts also recently weighed in on HIMX. Instinet reissued a “buy” rating and issued a $12.00 price target (up from $10.00) on shares of Himax Technologies in a research note on Tuesday, September 26th. Roth Capital boosted their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, September 26th. Vetr downgraded shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.04 price target for the company. in a research note on Monday, October 2nd. Robert W. Baird boosted their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Finally, Credit Suisse Group set a $15.00 price target on shares of Himax Technologies and gave the stock a “buy” rating in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $10.93.

Himax Technologies (NASDAQ:HIMX) traded down $0.83 during trading on Tuesday, reaching $9.87. 10,480,000 shares of the company’s stock traded hands, compared to its average volume of 5,340,000. The company has a market capitalization of $1,700.00, a P/E ratio of 164.50, a PEG ratio of 1.55 and a beta of 0.85. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $13.95.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share 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%. equities research analysts forecast that Himax Technologies will post 0.16 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp purchased a new position in shares of Himax Technologies during the second quarter valued at about $126,000. Private Advisor Group LLC increased its position in shares of Himax Technologies by 19.7% during 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 period. BlueCrest Capital Management Ltd purchased a new position in shares of Himax Technologies during the second quarter valued at about $145,000. Northern Trust Corp increased its position in shares of 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 buying an additional 1,583 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Himax Technologies during the third quarter valued at about $193,000. Institutional investors 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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