Himax (HIMX) Receives Consensus Rating of “Hold” from Analysts

Himax (NASDAQ:HIMX) has received an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.28.

A number of brokerages have commented on HIMX. Robert W. Baird boosted their target price on shares of Himax from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. BidaskClub downgraded shares of Himax from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Nomura downgraded shares of Himax from a “buy” rating to a “hold” rating and cut their price objective for the company from $10.00 to $8.00 in a report on Friday, March 9th. Zacks Investment Research downgraded shares of Himax from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, ValuEngine downgraded shares of Himax from a “hold” rating to a “sell” rating in a report on Monday, April 2nd.

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Shares of Himax stock opened at $6.38 on Friday. The stock has a market capitalization of $1,099.74, a price-to-earnings ratio of 39.88, a PEG ratio of 2.26 and a beta of 0.37. Himax has a one year low of $5.97 and a one year high of $13.95.

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

A number of hedge funds and other institutional investors have recently modified their holdings of HIMX. Aperio Group LLC purchased a new stake in Himax in the fourth quarter valued at approximately $107,000. Two Sigma Securities LLC purchased a new stake in Himax in the fourth quarter valued at approximately $122,000. Northern Trust Corp boosted its position in Himax by 9.7% in the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,583 shares during the last quarter. Aviance Capital Management LLC boosted its position in Himax by 1,502.5% in the fourth quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock valued at $151,000 after buying an additional 13,598 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Himax in the third quarter valued at approximately $193,000. Hedge funds and other institutional investors own 33.19% of the company’s stock.

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Himax Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.

Analyst Recommendations for Himax (NASDAQ:HIMX)

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