Himax Technologies (NASDAQ:HIMX) Stock Rating Reaffirmed by Northland Securities

Himax Technologies (NASDAQ:HIMX)‘s stock had its “hold” rating reiterated by research analysts at Northland Securities in a research report issued to clients and investors on Friday, AnalystRatings.com reports. They presently have a $2.50 price target on the semiconductor company’s stock. Northland Securities’ price target would indicate a potential upside of 6.84% from the company’s current price.

The analysts wrote, “We maintain our MP rating and lower our estimate and PT to reflect the reduced guide.””

A number of other analysts have also weighed in on HIMX. ValuEngine upgraded Himax Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Roth Capital restated a “neutral” rating and set a $3.50 target price (down previously from $5.00) on shares of Himax Technologies in a report on Friday, July 12th. Zacks Investment Research upgraded Himax Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Thursday, July 11th. BidaskClub upgraded Himax Technologies from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, Credit Suisse Group lowered Himax Technologies from a “neutral” rating to an “underperform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.86.

Himax Technologies stock traded down $0.37 during mid-day trading on Friday, reaching $2.34. 2,445,477 shares of the company were exchanged, compared to its average volume of 1,312,748. The firm’s fifty day moving average is $3.22. The firm has a market cap of $466.51 million, a price-to-earnings ratio of 135.50 and a beta of 0.04. Himax Technologies has a 12-month low of $2.32 and a 12-month high of $6.78.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, August 8th. The semiconductor company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $169.30 million during the quarter, compared to analyst estimates of $170.16 million. Himax Technologies had a return on equity of 0.76% and a net margin of 0.26%. Himax Technologies’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.01 earnings per share. Equities research analysts predict that Himax Technologies will post -0.14 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of HIMX. TRUE Private Wealth Advisors purchased a new stake in shares of Himax Technologies during the 2nd quarter valued at $26,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Himax Technologies by 201.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,007 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 6,024 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in shares of Himax Technologies by 2,600.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 15,000 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 15,600 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Himax Technologies during the 2nd quarter valued at $80,000. Finally, Aperio Group LLC lifted its holdings in shares of Himax Technologies by 178.1% during the 2nd quarter. Aperio Group LLC now owns 41,321 shares of the semiconductor company’s stock valued at $144,000 after purchasing an additional 26,462 shares during the last quarter. Hedge funds and other institutional investors own 10.00% 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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