Shares of Himax Technologies, Inc. (NASDAQ:HIMX) have received an average rating of “Hold” from the nineteen brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $8.60.
Several equities research analysts have weighed in on HIMX shares. Morgan Stanley upgraded Himax Technologies from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $4.00 to $8.00 in a report on Friday, March 10th. Nomura set a $9.00 price target on Himax Technologies and gave the stock a “buy” rating in a report on Saturday, May 13th. Northland Securities restated an “outperform” rating and set a $10.00 price target on shares of Himax Technologies in a report on Wednesday, April 26th. Robert W. Baird restated a “neutral” rating and set a $7.00 price target (up previously from $5.00) on shares of Himax Technologies in a report on Wednesday, March 15th. Finally, Instinet upgraded Himax Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.70 to $9.00 in a report on Tuesday, February 21st.
Himax Technologies (NASDAQ:HIMX) traded up 7.97% during trading on Monday, hitting $8.13. The stock had a trading volume of 8,084,495 shares. The company has a market cap of $1.40 billion, a P/E ratio of 35.81 and a beta of 0.78. The firm has a 50 day moving average of $7.21 and a 200-day moving average of $7.06. Himax Technologies has a one year low of $4.88 and a one year high of $10.95.
Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Thursday, May 11th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $162.26 million. Himax Technologies had a net margin of 5.04% and a return on equity of 8.59%. Himax Technologies’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Equities analysts anticipate that Himax Technologies will post $0.07 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new position in Himax Technologies during the first quarter valued at about $9,279,000. FNY Partners Fund LP acquired a new position in Himax Technologies during the first quarter valued at about $777,000. Kayak Investment Partners LLC acquired a new position in Himax Technologies during the first quarter valued at about $19,649,000. Sensato Investors LLC acquired a new position in Himax Technologies during the first quarter valued at about $1,332,000. Finally, Yiheng Capital LLC boosted its position in Himax Technologies by 12.0% in the first quarter. Yiheng Capital LLC now owns 934,928 shares of the semiconductor company’s stock valued at $8,527,000 after buying an additional 100,000 shares in the last quarter. 22.56% of the stock is owned by institutional investors and hedge funds.
Himax Technologies Company Profile
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
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