Northland Securities reissued their outperform rating on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a research note released on Thursday. They currently have a $15.00 target price on the semiconductor company’s stock, up from their previous target price of $12.00.
A number of other brokerages have also recently issued reports on HIMX. Vetr cut shares of Himax Technologies from a strong-buy rating to a buy rating and set a $11.54 target price on the stock. in a report on Tuesday, September 12th. Robert W. Baird raised shares of Himax Technologies from a neutral rating to an outperform rating and raised their target price for the stock from $6.00 to $10.00 in a report on Friday, August 4th. Oppenheimer Holdings, Inc. reissued an underperform rating and issued a $4.00 target price (down previously from $8.00) on shares of Himax Technologies in a report on Friday, July 14th. Zacks Investment Research cut shares of Himax Technologies from a buy rating to a hold rating in a report on Wednesday, August 2nd. Finally, Macquarie reissued an outperform rating and issued a $12.20 target price (up previously from $11.00) on shares of Himax Technologies in a report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $9.03.
Shares of Himax Technologies (NASDAQ HIMX) traded up 0.67% during trading on Thursday, reaching $10.55. The company had a trading volume of 4,034,033 shares. The stock has a 50 day moving average of $9.16 and a 200 day moving average of $8.20. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 96.79 and a beta of 0.80. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $11.97.
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Several large investors have recently made changes to their positions in the business. FMR LLC increased its stake in shares of Himax Technologies by 54.9% in 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 period. Kayak Investment Partners LLC increased its stake in shares of Himax Technologies by 22.3% in the second quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock valued at $21,598,000 after purchasing an additional 479,400 shares during the period. Dalton Investments LLC increased its stake 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 purchasing an additional 792,968 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Himax Technologies in the first quarter valued at approximately $9,279,000. Finally, Yiheng Capital LLC increased its stake in shares of Himax Technologies by 12.0% in the first quarter. Yiheng Capital LLC now owns 934,928 shares of the semiconductor company’s stock valued at $8,527,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 21.74% of the company’s stock.
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.
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