Macquarie initiated coverage on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a report published on Monday. The brokerage issued an outperform rating and a $12.00 price objective on the semiconductor company’s stock.

Other research analysts also recently issued research reports about the stock. Instinet upgraded shares of Himax Technologies from a neutral rating to a buy rating and upped their target price for the stock from $7.70 to $9.00 in a research note on Tuesday, February 21st. Zacks Investment Research upgraded shares of Himax Technologies from a sell rating to a hold rating in a research note on Monday, February 20th. Oppenheimer Holdings Inc. reiterated a market perform rating on shares of Himax Technologies in a research note on Monday, February 20th. Nomura upgraded shares of Himax Technologies from a neutral rating to a buy rating in a research note on Friday, February 17th. Finally, Robert W. Baird upped their target price on shares of Himax Technologies from $4.00 to $5.00 and gave the stock a neutral rating in a research note on Thursday, February 16th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $9.14.

Himax Technologies (NASDAQ:HIMX) opened at 7.67 on Monday. The company has a market cap of $1.32 billion, a PE ratio of 26.00 and a beta of 0.90. The company has a 50-day moving average of $8.43 and a 200 day moving average of $7.30. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $10.95.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, February 16th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.04. The firm earned $203.40 million during the quarter, compared to the consensus estimate of $202.60 million. Himax Technologies had a return on equity of 11.71% and a net margin of 6.77%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 EPS. On average, equities analysts forecast that Himax Technologies will post $0.28 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of HIMX. Fox Run Management L.L.C. bought a new position in shares of Himax Technologies during the first quarter worth $148,000. Bank of Montreal Can increased its position in shares of Himax Technologies by 339.2% in the first quarter. Bank of Montreal Can now owns 220,113 shares of the semiconductor company’s stock worth $2,007,000 after buying an additional 170,000 shares during the period. Sheets Smith Wealth Management increased its position in shares of Himax Technologies by 3.5% in the first quarter. Sheets Smith Wealth Management now owns 29,180 shares of the semiconductor company’s stock worth $266,000 after buying an additional 1,000 shares during the period. Creative Planning increased its position in shares of Himax Technologies by 4.2% in the first quarter. Creative Planning now owns 55,590 shares of the semiconductor company’s stock worth $507,000 after buying an additional 2,217 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Himax Technologies by 3,226.5% in the fourth quarter. Two Sigma Investments LP now owns 1,196,760 shares of the semiconductor company’s stock worth $7,228,000 after buying an additional 1,160,783 shares during the period. Institutional investors own 38.30% 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.

5 Day Chart for NASDAQ:HIMX

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