ValuEngine upgraded shares of Himax Technologies, Inc. (NASDAQ:HIMX) from a sell rating to a hold rating in a research report sent to investors on Friday, September 1st.
A number of other equities analysts also recently weighed in on HIMX. Lake Street Capital downgraded Himax Technologies from a buy rating to a hold rating and set a $7.50 price objective on the stock. in a research note on Thursday, May 11th. Robert W. Baird dropped their price objective on Himax Technologies from $7.00 to $6.00 and set a neutral rating on the stock in a research note on Friday, May 12th. Nomura set a $9.00 price objective on Himax Technologies and gave the company a buy rating in a research note on Saturday, May 13th. Oppenheimer Holdings, Inc. reissued a market perform rating on shares of Himax Technologies in a report on Monday, May 15th. Finally, Zacks Investment Research cut shares of Himax Technologies from a hold rating to a sell rating in a report on Friday, May 19th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $9.03.
Himax Technologies (NASDAQ:HIMX) traded up 0.67% during trading on Friday, hitting $10.55. The company had a trading volume of 4,034,033 shares. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $11.97. The firm has a 50-day moving average of $9.16 and a 200 day moving average of $8.20. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 96.79 and a beta of 0.80.
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A number of institutional investors and hedge funds have recently modified their holdings of HIMX. FMR LLC lifted its holdings in Himax Technologies by 54.9% in the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after buying an additional 3,209,380 shares during the period. Kayak Investment Partners LLC purchased a new stake in Himax Technologies in the first quarter worth about $19,649,000. Point72 Asset Management L.P. purchased a new stake in Himax Technologies in the first quarter worth about $9,279,000. Dalton Investments LLC lifted its holdings in Himax Technologies by 69.1% in the second quarter. Dalton Investments LLC now owns 1,940,566 shares of the semiconductor company’s stock worth $15,913,000 after buying an additional 792,968 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Himax Technologies in the first quarter worth about $3,010,000. Institutional investors and hedge funds own 21.74% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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