Himax Technologies (HIMX) Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Himax Technologies (NASDAQ:HIMX) from a sell rating to a strong sell rating in a report published on Thursday morning.

A number of other equities research analysts have also issued reports on the company. Roth Capital reaffirmed a neutral rating on shares of Himax Technologies in a research note on Thursday, March 15th. Nomura lowered Himax Technologies from a buy rating to a hold rating and reduced their target price for the company from $10.00 to $8.00 in a research note on Friday, March 9th. Northland Securities lowered Himax Technologies from an outperform rating to a market perform rating in a research note on Friday, March 9th. Zacks Investment Research lowered Himax Technologies from a hold rating to a sell rating in a research note on Tuesday, February 20th. Finally, Credit Suisse Group set a $15.00 target price on Himax Technologies and gave the company a buy rating in a research note on Thursday, January 11th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $10.79.

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Shares of Himax Technologies stock opened at $6.65 on Thursday. Himax Technologies has a 52 week low of $6.40 and a 52 week high of $13.95. The stock has a market capitalization of $1,144.49, a P/E ratio of 39.12, a P/E/G ratio of 2.35 and a beta of 0.52.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Himax Technologies had a net margin of 4.08% and a return on equity of 6.41%. The company had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $184.30 million. During the same period in the previous year, the company posted $0.03 EPS. Himax Technologies’s quarterly revenue was down 11.0% compared to the same quarter last year. analysts predict that Himax Technologies will post 0.11 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Aperio Group LLC purchased a new position in shares of Himax Technologies during the 4th quarter worth $107,000. Two Sigma Securities LLC purchased a new position in shares of Himax Technologies during the 4th quarter worth $122,000. Northern Trust Corp lifted its stake in shares of Himax Technologies by 9.7% during 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 during the period. Aviance Capital Management LLC lifted its stake in shares of Himax Technologies by 1,502.5% during the 4th quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 13,598 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Himax Technologies during the 3rd quarter worth $193,000. 33.19% of the stock is currently owned by institutional investors.

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Himax Technologies Company Profile

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)

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