Himax Technologies (NASDAQ:HIMX) was downgraded by investment analysts at Northland Securities from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Himax Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. BidaskClub downgraded shares of Himax Technologies from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Roth Capital dropped their price target on shares of Himax Technologies from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Credit Suisse Group set a $15.00 price target on shares of Himax Technologies and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Robert W. Baird raised their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $10.79.
Shares of Himax Technologies (NASDAQ HIMX) opened at $7.75 on Friday. The stock has a market cap of $1,340.00, a PE ratio of 48.44, a PEG ratio of 1.75 and a beta of 0.52. Himax Technologies has a 1-year low of $6.40 and a 1-year high of $13.95.
Several institutional investors and hedge funds have recently bought and sold shares of HIMX. KADENSA CAPITAL Ltd purchased a new position in shares of Himax Technologies in the fourth quarter worth approximately $8,202,000. CI Investments Inc. purchased a new position in shares of Himax Technologies in the third quarter worth approximately $7,276,000. Quentec Asset Management LLC raised its stake in 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 worth $29,137,000 after acquiring an additional 591,273 shares during the period. QVT Financial LP bought a new stake in Himax Technologies during the 4th quarter worth approximately $5,038,000. Finally, NF Trinity Capital Hong Kong Ltd bought a new stake in Himax Technologies during the 4th quarter worth approximately $4,897,000. 33.22% of the stock is currently owned by institutional investors.
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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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