Himax Technologies (HIMX) Given a $15.00 Price Target by Credit Suisse Group Analysts
Other equities analysts have also recently issued research reports about the stock. Vetr cut shares of Himax Technologies from a strong-buy rating to a buy rating and set a $12.04 price target on the stock. in a research report on Monday, October 2nd. Lake Street Capital upgraded shares of Himax Technologies from a hold rating to a buy rating and boosted their price target for the company from $8.50 to $13.00 in a research report on Thursday, September 28th. Instinet reiterated a buy rating and set a $12.00 price target (up previously from $10.00) on shares of Himax Technologies in a research report on Tuesday, September 26th. Roth Capital boosted their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the company a buy rating in a research report on Tuesday, September 26th. Finally, Zacks Investment Research upgraded shares of Himax Technologies from a hold rating to a buy rating and set a $13.00 price target on the stock in a research report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Himax Technologies currently has an average rating of Buy and an average target price of $10.93.
Shares of Himax Technologies (NASDAQ:HIMX) traded down $0.01 during midday trading on Thursday, hitting $10.70. 2,895,203 shares of the company traded hands, compared to its average volume of 3,684,557. Himax Technologies has a one year low of $4.88 and a one year high of $13.95. The stock has a market capitalization of $1,841.51, a PE ratio of 178.36, a P/E/G ratio of 1.55 and a beta of 0.85.
A number of large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC bought a new stake in Himax Technologies during the third quarter worth about $193,000. Cubist Systematic Strategies LLC bought a new stake in Himax Technologies during the third quarter worth about $232,000. Yiheng Capital LLC boosted its stake in Himax Technologies by 36.4% during the third quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock worth $13,936,000 after acquiring an additional 340,104 shares in the last quarter. Quentec Asset Management LLC boosted its stake in Himax Technologies by 28.5% during the third quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock worth $29,137,000 after acquiring an additional 591,273 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in Himax Technologies during the third quarter worth about $671,000. 26.90% of the stock is currently owned by institutional investors and hedge funds.
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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.
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