Himax Technologies (HIMX) Reaches New 12-Month High and Low at $5.96

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) reached a new 52-week high and low during trading on Friday . The stock traded as low as $5.96 and last traded at $6.16, with a volume of 3853600 shares changing hands. The stock had previously closed at $6.12.

Several research firms have recently issued reports on HIMX. Roth Capital restated a “neutral” rating on shares of Himax Technologies in a report on Thursday, March 15th. BidaskClub downgraded shares of Himax Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, March 22nd. Northland Securities downgraded shares of Himax Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, March 9th. Robert W. Baird upped their price objective 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. Finally, Nomura downgraded shares of Himax Technologies 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. Five analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Himax Technologies currently has a consensus rating of “Hold” and an average price target of $10.79.

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The firm has a market capitalization of $1,060.16, a price-to-earnings ratio of 38.50, a P/E/G ratio of 2.17 and a beta of 0.52.

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

Large investors have recently modified their holdings of the stock. QVT Financial LP acquired a new position in Himax Technologies in the 4th quarter worth approximately $5,038,000. Dynamic Technology Lab Private Ltd acquired a new position in Himax Technologies in the 3rd quarter worth approximately $286,000. NF Trinity Capital Hong Kong Ltd acquired a new position in Himax Technologies in the 4th quarter worth approximately $4,897,000. Clear Harbor Asset Management LLC increased its holdings in Himax Technologies by 744.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 159,800 shares of the semiconductor company’s stock worth $1,665,000 after buying an additional 140,880 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Himax Technologies by 50.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 66,029 shares of the semiconductor company’s stock worth $722,000 after buying an additional 22,002 shares during the period. Institutional investors own 33.19% of the company’s stock.

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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.

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