Himax Technologies (HIMX) Given “Neutral” Rating at Roth Capital

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.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, November 8th. The semiconductor company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $188.40 million for the quarter, compared to the consensus estimate of $188.20 million. Himax Technologies had a net margin of 3.31% and a return on equity of 5.56%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, equities research analysts anticipate that Himax Technologies will post 0.03 EPS for the current year.

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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Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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