Roth Capital Reaffirms “Neutral” Rating for Himax Technologies (NASDAQ:HIMX)

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Himax Technologies (NASDAQ:HIMX)‘s stock had its “neutral” rating reiterated by analysts at Roth Capital in a note issued to investors on Friday, MarketBeat reports. They presently have a $3.50 target price on the semiconductor company’s stock, down from their previous target price of $5.00. Roth Capital’s price objective points to a potential upside of 12.18% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded Zai Lab from a “sell” rating to a “hold” rating in a report on Wednesday, June 5th. Finally, Northland Securities set a $50.00 price objective on Polarityte and gave the stock a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Himax Technologies presently has an average rating of “Hold” and an average target price of $5.19.

HIMX stock opened at $3.12 on Friday. Himax Technologies has a 52-week low of $2.83 and a 52-week high of $8.20. The business’s fifty day simple moving average is $3.33. The firm has a market capitalization of $576.69 million, a PE ratio of 52.00 and a beta of 0.06.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Himax Technologies had a return on equity of 2.36% and a net margin of 1.25%. The business had revenue of $163.33 million for the quarter, compared to analysts’ expectations of $157.95 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The business’s revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that Himax Technologies will post -0.14 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Himax Technologies by 201.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,007 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 6,024 shares during the last quarter. Comerica Bank acquired a new position in Himax Technologies in the fourth quarter valued at $38,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Himax Technologies by 9.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 53,989 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 4,529 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Himax Technologies by 662.3% in the fourth quarter. Hsbc Holdings PLC now owns 297,072 shares of the semiconductor company’s stock valued at $1,019,000 after acquiring an additional 258,104 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in Himax Technologies by 18.3% in the fourth quarter. Stifel Financial Corp now owns 393,605 shares of the semiconductor company’s stock valued at $1,327,000 after acquiring an additional 60,760 shares during the last quarter. Hedge funds and other institutional investors own 9.54% of the company’s stock.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. 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.

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Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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