Himax Technologies’ (HIMX) “Neutral” Rating Reiterated at Credit Suisse Group

Himax Technologies (NASDAQ:HIMX)‘s stock had its “neutral” rating reissued by analysts at Credit Suisse Group in a research note issued to investors on Friday.

HIMX has been the subject of a number of other reports. Robert W. Baird reduced their price target on shares of Himax Technologies from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Thursday. Cowen set a $7.00 price target on shares of Himax Technologies and gave the stock a “hold” rating in a report on Thursday, August 9th. BidaskClub cut shares of Himax Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 27th. ValuEngine cut shares of Himax Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Finally, Macquarie cut shares of Himax Technologies from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $12.00 to $6.00 in a report on Thursday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Himax Technologies has a consensus rating of “Hold” and a consensus price target of $8.71.

Shares of NASDAQ HIMX opened at $4.82 on Friday. Himax Technologies has a twelve month low of $4.74 and a twelve month high of $13.95. The firm has a market cap of $901.83 million, a P/E ratio of 30.13, a PEG ratio of 31.44 and a beta of -0.27.

Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, August 9th. The semiconductor company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Himax Technologies had a net margin of 3.66% and a return on equity of 6.12%. The business had revenue of $181.40 million during the quarter, compared to the consensus estimate of $181.78 million. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, analysts expect that Himax Technologies will post 0.01 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of HIMX. Stelac Advisory Services LLC purchased a new position in Himax Technologies during the third quarter worth about $110,000. Russell Investments Group Ltd. purchased a new position in Himax Technologies during the second quarter worth about $153,000. Sheets Smith Wealth Management purchased a new position in Himax Technologies during the second quarter worth about $183,000. Engineers Gate Manager LP purchased a new position in Himax Technologies during the second quarter worth about $201,000. Finally, WESPAC Advisors SoCal LLC purchased a new position in Himax Technologies during the second quarter worth about $227,000. Hedge funds and other institutional investors own 22.92% of the company’s stock.

About Himax Technologies

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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