Himax Technologies (NASDAQ:HIMX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, February 20th.
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. “
HIMX has been the subject of a number of other research reports. Robert W. Baird upped their price target on Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. BidaskClub lowered Himax Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. Vetr upgraded Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective for the company in a research report on Tuesday, November 28th. Oppenheimer reiterated a “sell” rating and issued a $4.00 price objective on shares of Himax Technologies in a research report on Friday, November 10th. Finally, Morgan Stanley lowered Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price target for the company. in a research report on Monday, November 27th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.79.
Himax Technologies (HIMX) traded up $0.16 on Tuesday, hitting $7.39. The stock had a trading volume of 3,774,596 shares, compared to its average volume of 4,090,000. Himax Technologies has a 52-week low of $6.40 and a 52-week high of $13.95. The company has a market cap of $1,270.00, a price-to-earnings ratio of 46.19, a price-to-earnings-growth ratio of 1.74 and a beta of 0.52.
Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Himax Technologies had a return on equity of 6.41% and a net margin of 4.08%. The business had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $184.30 million. During the same quarter last year, the firm earned $0.03 earnings per share. The firm’s quarterly revenue was down 11.0% compared to the same quarter last year. research analysts expect that Himax Technologies will post 0.18 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of HIMX. Aperio Group LLC acquired a new stake in shares of Himax Technologies during the 4th quarter valued at approximately $107,000. Two Sigma Securities LLC acquired a new position in shares of Himax Technologies during the 4th quarter worth approximately $122,000. Stifel Financial Corp acquired a new position in shares of Himax Technologies during the 2nd quarter worth approximately $126,000. Northern Trust Corp raised its position in shares of Himax Technologies by 9.7% during the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,583 shares during the last quarter. Finally, Aviance Capital Management LLC raised its position in shares of Himax Technologies by 1,502.5% during the 4th quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 13,598 shares during the last quarter. Institutional investors own 33.22% of the company’s stock.
About Himax Technologies
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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