BidaskClub downgraded shares of Himax Technologies (NASDAQ:HIMX) from a hold rating to a sell rating in a research report sent to investors on Saturday.

HIMX has been the topic of several other research reports. Zacks Investment Research lowered Himax Technologies from a buy rating to a hold rating in a report on Tuesday, October 24th. Robert W. Baird upped their target price on Himax Technologies from $10.00 to $12.00 and gave the stock a buy rating in a report on Tuesday, January 9th. Vetr upgraded Himax Technologies from a strong sell rating to a strong-buy rating and set a $14.98 target price on the stock in a report on Tuesday, November 28th. Oppenheimer reiterated a sell rating and set a $4.00 target price on shares of Himax Technologies in a report on Friday, November 10th. Finally, Morgan Stanley lowered Himax Technologies from an overweight rating to an equal weight rating and set a $12.00 target price on the stock. in a report on Monday, November 27th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $10.86.

Shares of Himax Technologies (NASDAQ:HIMX) opened at $7.94 on Friday. Himax Technologies has a twelve month low of $6.40 and a twelve month high of $13.95. The stock has a market capitalization of $1,366.51, a PE ratio of 46.71, a P/E/G ratio of 1.15 and a beta of 0.46.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Himax Technologies had a return on equity of 6.41% and a net margin of 4.08%. The company had revenue of $181.10 million for the quarter, compared to the consensus estimate of $184.30 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business’s revenue was down 11.0% on a year-over-year basis. equities analysts expect that Himax Technologies will post 0.24 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in Himax Technologies in the third quarter valued at approximately $286,000. Summit Securities Group LLC bought a new stake in Himax Technologies in the third quarter valued at approximately $470,000. NF Trinity Capital Hong Kong Ltd bought a new stake in Himax Technologies in the fourth quarter valued at approximately $4,897,000. Stifel Financial Corp bought a new position in shares of Himax Technologies during the second quarter worth approximately $126,000. Finally, Clear Harbor Asset Management LLC increased its stake in shares of Himax Technologies by 744.6% during the fourth quarter. Clear Harbor Asset Management LLC now owns 159,800 shares of the semiconductor company’s stock worth $1,665,000 after purchasing an additional 140,880 shares during the period. Hedge funds and other institutional investors own 27.31% of the company’s stock.

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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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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