Himax Technologies (HIMX) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Himax Technologies (NASDAQ:HIMX) from a buy rating to a hold rating in a research note published on Tuesday.

A number of other research firms also recently issued reports on HIMX. Robert W. Baird boosted their price target on Himax Technologies from $10.00 to $11.00 and gave the company an outperform rating in a research note on Friday, November 10th. Vetr downgraded Himax Technologies from a buy rating to a hold rating and set a $13.60 price target for the company. in a research note on Thursday, November 23rd. Instinet restated a buy rating and set a $12.00 price target on shares of Himax Technologies in a research note on Friday, October 13th. Lake Street Capital set a $13.00 price target on Himax Technologies and gave the company a buy rating in a research note on Thursday, December 28th. Finally, Credit Suisse Group set a $15.00 price target on Himax Technologies and gave the company a buy rating in a research note on Thursday, January 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Himax Technologies has an average rating of Buy and an average price target of $10.86.

Himax Technologies (NASDAQ HIMX) traded up $0.05 during trading on Tuesday, hitting $9.79. The company’s stock had a trading volume of 3,142,353 shares, compared to its average volume of 5,280,000. The company has a market cap of $1,680.00, a P/E ratio of 163.17, a P/E/G ratio of 1.43 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 released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 expect that Himax Technologies will post 0.16 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its position in shares of Himax Technologies by 54.9% during the 2nd quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock valued at $74,253,000 after buying an additional 3,209,380 shares in the last quarter. Quentec Asset Management LLC lifted its position in shares of Himax Technologies by 28.5% during the 3rd quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock valued at $29,137,000 after buying an additional 591,273 shares in the last quarter. Kayak Investment Partners LLC lifted its position in shares of Himax Technologies by 22.3% during the 2nd quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock valued at $21,598,000 after buying an additional 479,400 shares in the last quarter. Dalton Investments LLC lifted its position in shares of Himax Technologies by 8.6% during the 3rd quarter. Dalton Investments LLC now owns 2,107,536 shares of the semiconductor company’s stock valued at $23,035,000 after buying an additional 166,970 shares in the last quarter. Finally, Yiheng Capital LLC lifted its position in shares of Himax Technologies by 36.4% during the 3rd quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock valued at $13,936,000 after buying an additional 340,104 shares in the last quarter. 26.90% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Himax Technologies (HIMX) Stock Rating Lowered by BidaskClub” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3146476/himax-technologies-himx-stock-rating-lowered-by-bidaskclub.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.

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

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.