Oppenheimer Holdings, Inc. restated their sell rating on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a research report released on Friday morning. They currently have a $4.00 target price on the semiconductor company’s stock.
A number of other research analysts also recently issued reports on HIMX. Cann initiated coverage on Himax Technologies in a report on Friday, July 14th. They set a buy rating on the stock. CIBC restated an underperform rating and set a $4.00 price target on shares of Himax Technologies in a report on Friday, July 14th. Rosenblatt Securities downgraded Himax Technologies from a neutral rating to a sell rating and reduced their price target for the company from $7.00 to $6.00 in a report on Friday, July 21st. Macquarie restated an outperform rating and set a $10.30 price target on shares of Himax Technologies in a report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded Himax Technologies from a buy rating to a hold rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $10.09.
Himax Technologies (HIMX) traded up $0.36 on Friday, hitting $10.56. The stock had a trading volume of 2,271,724 shares, compared to its average volume of 5,114,517. The stock has a market capitalization of $1,708.00, a P/E ratio of 165.50, a P/E/G ratio of 3.97 and a beta of 0.69. Himax Technologies has a 1 year low of $4.88 and a 1 year high of $11.97.
Institutional investors have recently bought and sold shares of the business. Capital Investment Counsel Inc bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $109,000. Bank of New York Mellon Corp boosted its position in shares of Himax Technologies by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 77 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $126,000. Private Advisor Group LLC boosted 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 purchasing an additional 2,850 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $145,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.
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.
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