Himax Technologies (NASDAQ:HIMX) Given New $12.00 Price Target at Robert W. Baird

Himax Technologies (NASDAQ:HIMX) had its target price lifted by equities research analysts at Robert W. Baird from $10.00 to $12.00 in a research note issued on Tuesday, January 9th, The Fly reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Robert W. Baird’s price target would indicate a potential upside of 12.15% from the company’s previous close.

HIMX has been the topic of several other research reports. Zacks Investment Research raised Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, October 4th. Vetr raised Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective on the stock in a report on Tuesday, November 28th. Mizuho cut Himax Technologies from a “buy” rating to a “neutral” rating in a report on Wednesday, October 11th. 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. Finally, BidaskClub cut Himax Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $10.93.

Himax Technologies (HIMX) traded down $0.01 during trading on Tuesday, hitting $10.70. The company’s stock had a trading volume of 2,895,200 shares, compared to its average volume of 3,743,778. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $13.95. The company has a market cap of $1,660.00, a PE ratio of 178.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.85.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Himax Technologies had a return on equity of 2.10% and a net margin of 1.25%. sell-side analysts anticipate that Himax Technologies will post 0.16 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp increased its position 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 acquiring an additional 1,583 shares during the last quarter. Private Advisor Group LLC increased its position in 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 acquiring an additional 2,850 shares during the last quarter. Profund Advisors LLC grew its holdings in Himax Technologies by 5.2% during the second quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock valued at $555,000 after purchasing an additional 3,320 shares during the period. California Public Employees Retirement System grew its holdings 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 period. Finally, State Street Corp grew its holdings in Himax Technologies by 9.6% during the second quarter. State Street Corp now owns 125,071 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 10,969 shares during the period. Hedge funds and other institutional investors own 26.90% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Himax Technologies (NASDAQ:HIMX) Given New $12.00 Price Target at Robert W. Baird” was published by BBNS and is owned by of BBNS. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://baseballnewssource.com/markets/robert-w-baird-boosts-himax-technologies-himx-price-target-to-12-00/1821087.html.

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.

The Fly

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.