Himax Technologies (HIMX) Rating Lowered to Sell at ValuEngine
ValuEngine lowered shares of Himax Technologies (NASDAQ:HIMX) from a hold rating to a sell rating in a research report sent to investors on Wednesday.
Other research analysts have also issued reports about the company. BidaskClub raised Himax Technologies from a hold rating to a buy rating in a research report on Tuesday, July 17th. Lake Street Capital set a $13.00 price target on Himax Technologies and gave the company a buy rating in a research report on Thursday, June 7th. Zacks Investment Research raised Himax Technologies from a strong sell rating to a hold rating in a research report on Wednesday, May 9th. Finally, Cowen set a $7.00 price target on Himax Technologies and gave the company a hold rating in a research report on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $10.91.
Shares of Himax Technologies stock opened at $5.79 on Wednesday. The firm has a market cap of $1.13 billion, a PE ratio of 36.19 and a beta of -0.15. Himax Technologies has a 12-month low of $5.70 and a 12-month high of $13.95.
The company also recently announced an annual dividend, which was paid on Tuesday, July 31st. Shareholders of record on Thursday, July 19th were given a $0.09 dividend. This represents a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, July 18th. Himax Technologies’s payout ratio is currently 56.25%.
A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new position in Himax Technologies in the 2nd quarter worth about $153,000. Sheets Smith Wealth Management acquired a new position in Himax Technologies in the 2nd quarter worth about $183,000. Engineers Gate Manager LP acquired a new position in Himax Technologies in the 2nd quarter worth about $201,000. WESPAC Advisors SoCal LLC acquired a new position in Himax Technologies in the 2nd quarter worth about $227,000. Finally, Stevens Capital Management LP acquired a new position in Himax Technologies in the 1st quarter worth about $203,000. 24.84% of the stock is currently owned by institutional investors.
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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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