Himax Technologies (HIMX) Price Target Lowered to $7.00 at Robert W. Baird
Himax Technologies (NASDAQ:HIMX) had its price target decreased by Robert W. Baird from $10.00 to $7.00 in a research report released on Thursday, The Fly reports. Robert W. Baird currently has an outperform rating on the semiconductor company’s stock.
Several other research analysts also recently commented on the company. Roth Capital upgraded Himax Technologies from a neutral rating to a buy rating and set a $7.00 price objective on the stock in a report on Monday, October 1st. Zacks Investment Research upgraded Himax Technologies from a hold rating to a strong-buy rating and set a $7.00 price objective on the stock in a report on Thursday, October 11th. BidaskClub upgraded Himax Technologies from a strong sell rating to a sell rating in a report on Monday, August 27th. Lake Street Capital set a $8.00 price objective on Himax Technologies and gave the stock a buy rating in a report on Tuesday, September 25th. Finally, Macquarie downgraded Himax Technologies from an outperform rating to a neutral rating and reduced their price objective for the stock from $12.00 to $6.00 in a report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $8.39.
HIMX traded down $0.41 during trading on Thursday, hitting $4.41. 4,565,723 shares of the stock were exchanged, compared to its average volume of 2,331,562. The company has a market capitalization of $829.54 million, a P/E ratio of 34.43, a PEG ratio of 28.92 and a beta of -0.27. Himax Technologies has a 1 year low of $4.32 and a 1 year high of $13.95.
Several large investors have recently made changes to their positions in HIMX. Stelac Advisory Services LLC purchased a new position in shares of Himax Technologies in the 3rd quarter valued at $110,000. Russell Investments Group Ltd. purchased a new position in shares of Himax Technologies in the 2nd quarter valued at $153,000. Sheets Smith Wealth Management purchased a new position in shares of Himax Technologies in the 2nd quarter valued at $183,000. Engineers Gate Manager LP purchased a new position in shares of Himax Technologies in the 2nd quarter valued at $201,000. Finally, WESPAC Advisors SoCal LLC purchased a new position in shares of Himax Technologies in the 2nd quarter valued at $227,000. Institutional investors and hedge funds own 22.92% 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: Short Selling Stocks, A Beginner’s Guide
Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.