Himax Technologies, Inc. (HIMX) Trading 8.8% Higher

Himax Technologies, Inc. (NASDAQ:HIMX) traded up 8.8% during trading on Thursday . The company traded as high as $11.95 and last traded at $11.82. 10,534,399 shares changed hands during trading, an increase of 105% from the average session volume of 5,128,877 shares. The stock had previously closed at $10.86.

A number of equities research analysts have recently commented on the company. Vetr cut Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.59 target price on the stock. in a research report on Friday. Oppenheimer Holdings, Inc. restated a “sell” rating and set a $4.00 target price on shares of Himax Technologies in a research report on Friday, November 10th. Robert W. Baird raised their target price on Himax Technologies from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Zacks Investment Research cut Himax Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Instinet restated a “buy” rating and set a $12.00 target price on shares of Himax Technologies in a research report on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Himax Technologies has a consensus rating of “Hold” and a consensus price target of $10.06.

The company has a market capitalization of $2,030.00, a P/E ratio of 178.17, a price-to-earnings-growth ratio of 4.28 and a beta of 0.69.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in 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. Northern Trust Corp lifted its stake in Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,583 shares in the last quarter. Private Advisor Group LLC lifted its stake in 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. US Bancorp DE lifted its stake in Himax Technologies by 22.4% in the 2nd quarter. US Bancorp DE now owns 17,868 shares of the semiconductor company’s stock worth $147,000 after purchasing an additional 3,270 shares in the last quarter. Finally, Profund Advisors LLC lifted its stake in Himax Technologies by 5.2% in the 2nd quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 3,320 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

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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.

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