Weekly Analysts’ Ratings Updates for Himax Technologies (HIMX)

Several brokerages have updated their recommendations and price targets on shares of Himax Technologies (NASDAQ: HIMX) in the last few weeks:

  • 11/22/2018 – Himax Technologies was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/20/2018 – Himax Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $4.75 price target on the stock. According to Zacks, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays. “
  • 11/20/2018 – Himax Technologies had its “neutral” rating reaffirmed by analysts at Roth Capital. They now have a $4.00 price target on the stock, down previously from $7.00.
  • 11/15/2018 – Himax Technologies was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays. “
  • 11/13/2018 – Himax Technologies was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 11/9/2018 – Himax Technologies had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $7.00 price target on the stock.
  • 11/8/2018 – Himax Technologies had its price target lowered by analysts at Robert W. Baird from $10.00 to $7.00. They now have an “outperform” rating on the stock.
  • 10/11/2018 – Himax Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $7.00 price target on the stock. According to Zacks, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays. “
  • 10/1/2018 – Himax Technologies was upgraded by analysts at Roth Capital from a “neutral” rating to a “buy” rating. They now have a $7.00 price target on the stock.

Shares of NASDAQ HIMX opened at $4.07 on Monday. The company has a market capitalization of $700.46 million, a PE ratio of 25.44, a PEG ratio of 6.51 and a beta of -0.27. Himax Technologies, Inc. has a 52-week low of $3.94 and a 52-week high of $13.95.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, November 8th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The firm 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 for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. Equities research analysts forecast that Himax Technologies, Inc. will post 0.03 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Luminus Management LLC bought a new stake in shares of Himax Technologies in the 3rd quarter valued at $5,880,000. Hsbc Holdings PLC bought a new stake in shares of Himax Technologies in the 3rd quarter valued at $229,000. Stevens Capital Management LP bought a new stake in shares of Himax Technologies in the 3rd quarter valued at $100,000. Stelac Advisory Services LLC bought a new stake in shares of Himax Technologies in the 3rd quarter valued at $110,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Himax Technologies in the 3rd quarter valued at $676,000. Institutional investors own 20.66% of the company’s stock.

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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