Himax Technologies (NASDAQ:HIMX) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

HIMX has been the subject of several other research reports. Zacks Investment Research raised Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, October 4th. Vetr raised Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price target for the company in a research note on Tuesday, November 28th. Mizuho cut Himax Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 11th. Robert W. Baird reissued a “buy” rating on shares of Himax Technologies in a research note on Sunday, October 22nd. Finally, Morgan Stanley cut Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price target for the company. in a research note on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.93.

Shares of Himax Technologies (NASDAQ:HIMX) traded down $0.04 during midday trading on Tuesday, reaching $9.85. The company’s stock had a trading volume of 1,232,516 shares, compared to its average volume of 4,364,836. Himax Technologies has a 1 year low of $4.88 and a 1 year high of $13.95. The firm has a market capitalization of $1,680.00, a price-to-earnings ratio of 164.17, a PEG ratio of 1.43 and a beta of 0.85.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Himax Technologies had a return on equity of 2.10% and a net margin of 1.25%. research analysts anticipate that Himax Technologies will post 0.16 EPS for the current year.

A number of hedge funds have recently made changes to their positions in HIMX. Stifel Financial Corp bought a new position in Himax Technologies during the second quarter valued at about $126,000. Private Advisor Group LLC boosted its stake in Himax Technologies by 19.7% during the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 2,850 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Himax Technologies during the second quarter valued at about $145,000. Northern Trust Corp boosted its stake in Himax Technologies by 9.7% during the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,583 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Himax Technologies during the third quarter valued at about $193,000. 26.90% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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