Himax Technologies (NASDAQ:HIMX) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.
Several other brokerages have also weighed in on HIMX. Vetr lowered Himax Technologies from a “buy” rating to a “hold” rating and set a $13.60 price objective on the stock. in a report on Thursday, November 23rd. Morgan Stanley lowered Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a report on Monday, November 27th. Lake Street Capital set a $13.00 price objective on Himax Technologies and gave the stock a “buy” rating in a report on Thursday, December 28th. Robert W. Baird lifted their price objective on Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Finally, Zacks Investment Research lowered Himax Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.79.
Shares of Himax Technologies stock opened at $6.99 on Thursday. The stock has a market capitalization of $1,203.01, a P/E ratio of 41.12, a price-to-earnings-growth ratio of 2.47 and a beta of 0.52. Himax Technologies has a fifty-two week low of $6.40 and a fifty-two week high of $13.95.
Himax Technologies (NASDAQ:HIMX) last released its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The business had revenue of $181.10 million during the quarter, compared to analyst estimates of $184.30 million. Himax Technologies had a net margin of 4.08% and a return on equity of 6.41%. The business’s quarterly revenue was down 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. equities research analysts predict that Himax Technologies will post 0.11 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. QVT Financial LP bought a new position in shares of Himax Technologies during the 4th quarter worth approximately $5,038,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Himax Technologies during the 3rd quarter worth approximately $286,000. NF Trinity Capital Hong Kong Ltd bought a new position in shares of Himax Technologies during the 4th quarter worth approximately $4,897,000. Clear Harbor Asset Management LLC lifted its position in shares of Himax Technologies by 744.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 159,800 shares of the semiconductor company’s stock worth $1,665,000 after buying an additional 140,880 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Himax Technologies by 50.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 66,029 shares of the semiconductor company’s stock worth $722,000 after buying an additional 22,002 shares during the period. Institutional investors and hedge funds own 33.19% 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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