Roth Capital reissued their neutral rating on shares of Himax Technologies (NASDAQ:HIMX) in a report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a $4.00 price objective on the semiconductor company’s stock, down from their prior price objective of $7.00.
Other equities research analysts also recently issued reports about the stock. Lake Street Capital set a $8.00 price objective on shares of Himax Technologies and gave the company a buy rating in a report on Tuesday, September 25th. BidaskClub downgraded shares of Himax Technologies from a buy rating to a hold rating in a report on Friday, July 27th. 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. Zacks Investment Research downgraded shares of Himax Technologies from a strong-buy rating to a hold rating in a report on Thursday, November 15th. Finally, Macquarie downgraded shares of Himax Technologies from an outperform rating to a neutral rating and lowered their price target for the stock from $12.00 to $6.00 in a report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $7.86.
NASDAQ HIMX opened at $4.07 on Tuesday. The stock has a market cap of $709.07 million, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 6.59 and a beta of -0.27. Himax Technologies has a 52 week low of $3.94 and a 52 week high of $13.95.
Several institutional investors have recently made changes to their positions in the company. Luminus Management LLC purchased a new stake in shares of Himax Technologies in the third quarter worth about $5,880,000. Hsbc Holdings PLC purchased a new stake in shares of Himax Technologies in the third quarter worth about $229,000. Stevens Capital Management LP purchased a new stake in shares of Himax Technologies in the third quarter worth about $100,000. Stelac Advisory Services LLC purchased a new stake in shares of Himax Technologies in the third quarter worth about $110,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Himax Technologies in the third quarter worth about $676,000. 20.66% of the stock is currently owned by hedge funds and other institutional investors.
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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