Himax Technologies (HIMX) Rating Lowered to Strong Sell at BidaskClub
Himax Technologies (NASDAQ:HIMX) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
Several other analysts have also recently commented on HIMX. Zacks Investment Research raised shares of Himax Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. ValuEngine upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 4th. Lake Street Capital set a $13.00 price target on shares of Himax Technologies and gave the company a “buy” rating in a report on Thursday, June 7th. Cowen set a $7.00 price target on shares of Himax Technologies and gave the company a “hold” rating in a report on Thursday, August 9th. Finally, Macquarie lowered shares of Himax Technologies from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $12.00 to $6.00 in a report on Thursday, August 16th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Himax Technologies presently has a consensus rating of “Hold” and a consensus price target of $10.91.
HIMX stock opened at $6.00 on Tuesday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 37.50 and a beta of -0.15. Himax Technologies has a one year low of $5.70 and a one year high of $13.95.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Bloom Tree Partners LLC acquired a new position in shares of Himax Technologies during the 1st quarter valued at $14,780,000. SG Capital Management LLC acquired a new position in shares of Himax Technologies during the 2nd quarter valued at $6,190,000. Pendal Group Ltd acquired a new position in shares of Himax Technologies during the 2nd quarter valued at $4,812,000. Point72 Asset Management L.P. acquired a new position in shares of Himax Technologies during the 2nd quarter valued at $3,886,000. Finally, Bank of America Corp DE lifted its holdings in shares of Himax Technologies by 611.1% during the 2nd quarter. Bank of America Corp DE now owns 551,903 shares of the semiconductor company’s stock valued at $4,117,000 after acquiring an additional 474,291 shares in the last quarter. Institutional investors own 24.84% 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.
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