Vetr cut shares of Himax Technologies, Inc. (NASDAQ:HIMX) from a buy rating to a hold rating in a research note issued to investors on Thursday morning. They currently have $13.60 target price on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the stock. Lake Street Capital upgraded shares of Himax Technologies from a hold rating to a buy rating and upped their price target for the stock from $8.50 to $13.00 in a research note on Thursday, September 28th. Instinet reiterated a buy rating and issued a $12.00 price target (up previously from $10.00) on shares of Himax Technologies in a research note on Tuesday, September 26th. Roth Capital upped their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the stock a buy rating in a research note on Tuesday, September 26th. BidaskClub upgraded shares of Himax Technologies from a hold rating to a buy rating in a research note on Friday, August 25th. Finally, Northland Securities reiterated a buy rating and issued a $12.00 price target on shares of Himax Technologies in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Himax Technologies presently has an average rating of Hold and an average target price of $10.13.

Himax Technologies (NASDAQ:HIMX) opened at $13.06 on Thursday. The stock has a market cap of $2,247.68, a PE ratio of 217.67, a P/E/G ratio of 3.13 and a beta of 0.69. Himax Technologies has a one year low of $4.88 and a one year high of $13.88.

A number of institutional investors and hedge funds have recently bought and sold shares of HIMX. Capital Investment Counsel Inc bought a new position in Himax Technologies during the 2nd quarter valued at about $109,000. Stifel Financial Corp bought a new position in Himax Technologies during the 2nd quarter valued at about $126,000. Bank of New York Mellon Corp lifted its stake in Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 77 shares during the period. Private Advisor Group LLC lifted its stake in Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 2,850 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in Himax Technologies during the 2nd quarter valued at about $145,000. Institutional investors and hedge funds own 21.86% of the company’s stock.

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About Himax Technologies

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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