Himax Technologies (HIMX) Given a $8.00 Price Target at Lake Street Capital
Himax Technologies (NASDAQ:HIMX) has been given a $8.00 price objective by investment analysts at Lake Street Capital in a report released on Tuesday. The firm presently has a “buy” rating on the semiconductor company’s stock. Lake Street Capital’s target price would indicate a potential upside of 38.89% from the company’s current price.
HIMX has been the subject of a number of other reports. BidaskClub upgraded Himax Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 17th. ValuEngine lowered Himax Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Macquarie lowered Himax Technologies from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $6.00 in a research report on Thursday, August 16th. Finally, Cowen set a $7.00 price objective on Himax Technologies and gave the stock a “hold” rating in a research report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $10.16.
Shares of HIMX opened at $5.76 on Tuesday. The stock has a market capitalization of $1.01 billion, a P/E ratio of 39.07 and a beta of -0.25. Himax Technologies has a 1-year low of $5.70 and a 1-year high of $13.95.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Stevens Capital Management LP acquired a new stake in shares of Himax Technologies during the 1st quarter valued at about $203,000. Engineers Gate Manager LP acquired a new stake in shares of Himax Technologies during the 2nd quarter valued at about $201,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Himax Technologies during the 2nd quarter valued at about $383,000. WESPAC Advisors SoCal LLC acquired a new stake in shares of Himax Technologies during the 2nd quarter valued at about $227,000. Finally, SG Capital Management LLC acquired a new stake in shares of Himax Technologies during the 2nd quarter valued at about $6,190,000. Hedge funds and other institutional investors own 23.43% of the company’s stock.
Himax Technologies Company Profile
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
Further Reading: Book Value Per Share – BVPS
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