Himax Technologies (NASDAQ:HIMX) had its target price reduced by Lake Street Capital from $3.00 to $2.50 in a research note released on Tuesday, The Fly reports. They currently have a hold rating on the semiconductor company’s stock.
HIMX has been the topic of a number of other reports. Roth Capital reissued a neutral rating and set a $3.50 target price (down from $5.00) on shares of Himax Technologies in a research report on Friday, July 12th. Credit Suisse Group cut shares of Himax Technologies from a neutral rating to an underperform rating in a research report on Friday, August 9th. ValuEngine cut shares of Himax Technologies from a hold rating to a sell rating in a research report on Wednesday, September 4th. Zacks Investment Research raised shares of Himax Technologies from a sell rating to a hold rating in a research report on Friday, September 13th. Finally, Northland Securities reissued a hold rating and set a $2.50 target price on shares of Himax Technologies in a research report on Friday, August 9th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $4.42.
Shares of HIMX stock opened at $2.26 on Tuesday. The stock has a market cap of $406.26 million, a price-to-earnings ratio of 37.67 and a beta of 0.06. Himax Technologies has a fifty-two week low of $1.70 and a fifty-two week high of $6.66. The firm’s 50 day moving average price is $2.30 and its two-hundred day moving average price is $3.08.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA acquired a new position in shares of Himax Technologies during the second quarter worth $267,000. Mondrian Capital Management LLC bought a new stake in shares of Himax Technologies in the second quarter worth $1,131,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Himax Technologies by 87.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,911 shares of the semiconductor company’s stock worth $59,000 after buying an additional 7,904 shares during the last quarter. Creative Planning bought a new stake in shares of Himax Technologies in the second quarter worth $2,306,000. Finally, Aperio Group LLC increased its stake in shares of Himax Technologies by 178.1% in the second quarter. Aperio Group LLC now owns 41,321 shares of the semiconductor company’s stock worth $144,000 after buying an additional 26,462 shares during the last quarter. 8.99% of the stock is currently owned by institutional investors and hedge funds.
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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