Himax Technologies (HIMX) Shares Down 5.1%
Himax Technologies, Inc. (NASDAQ:HIMX) fell 5.1% on Wednesday . The company traded as low as $10.25 and last traded at $10.36. 7,345,324 shares traded hands during trading, an increase of 38% from the average session volume of 5,338,230 shares. The stock had previously closed at $10.92.
A number of research firms have recently weighed in on HIMX. Vetr downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $14.98 target price for the company. in a report on Monday, December 4th. Morgan Stanley downgraded Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 target price for the company. in a report on Monday, November 27th. Macquarie reissued an “outperform” rating and set a $12.20 target price (up previously from $11.00) on shares of Himax Technologies in a report on Wednesday, September 6th. Roth Capital reissued a “buy” rating and set a $10.00 target price on shares of Himax Technologies in a report on Tuesday, September 5th. Finally, Oppenheimer reissued a “sell” rating and set a $4.00 target price on shares of Himax Technologies in a report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.24.
The stock has a market capitalization of $1,869.05, a P/E ratio of 181.00, a P/E/G ratio of 2.61 and a beta of 0.85.
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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.
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