Himax Technologies, Inc. (HIMX) Rating Lowered to Buy at Vetr Inc.

Himax Technologies, Inc. (NASDAQ:HIMX) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Friday. They currently have a $12.59 price objective on the semiconductor company’s stock. Vetr‘s target price would indicate a potential upside of 9.10% from the stock’s previous close.

A number of other analysts have also commented on the company. Oppenheimer Holdings, Inc. reaffirmed a “sell” rating and issued a $4.00 target price on shares of Himax Technologies in a research report on Friday, November 10th. Robert W. Baird boosted their target price on Himax Technologies from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Zacks Investment Research downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Instinet reiterated a “buy” rating and set a $12.00 price target on shares of Himax Technologies in a research note on Friday, October 13th. Finally, Mizuho downgraded Himax Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. Himax Technologies currently has an average rating of “Hold” and a consensus target price of $10.06.

Shares of Himax Technologies (NASDAQ:HIMX) opened at $11.54 on Friday. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $12.00. The company has a market capitalization of $2,030.00, a PE ratio of 178.17, a P/E/G ratio of 4.28 and a beta of 0.69.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Himax Technologies by 54.9% in the 2nd 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 last quarter. Quentec Asset Management LLC boosted its stake in shares of Himax Technologies by 28.5% in the 3rd quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock worth $29,137,000 after buying an additional 591,273 shares during the last quarter. Kayak Investment Partners LLC boosted its stake in shares of Himax Technologies by 22.3% in the 2nd quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock worth $21,598,000 after buying an additional 479,400 shares during the last quarter. Dalton Investments LLC boosted its stake in shares of Himax Technologies by 8.6% in the 3rd quarter. Dalton Investments LLC now owns 2,107,536 shares of the semiconductor company’s stock worth $23,035,000 after buying an additional 166,970 shares during the last quarter. Finally, Yiheng Capital LLC lifted its stake in Himax Technologies by 36.4% in the third quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock valued at $13,936,000 after purchasing an additional 340,104 shares during the last quarter. Hedge funds and other institutional investors own 22.30% 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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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