Himax Technologies, Inc. (HIMX) Receives $8.51 Average PT from Analysts
Himax Technologies, Inc. (NASDAQ:HIMX) has been given a consensus recommendation of “Hold” by the twenty-three brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $8.51.
A number of research analysts recently issued reports on HIMX shares. Cann started coverage on Himax Technologies in a report on Friday, July 14th. They issued a “buy” rating for the company. Nomura set a $9.00 price target on Himax Technologies and gave the company a “buy” rating in a report on Saturday, May 13th. Vetr cut Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $9.34 price target for the company. in a report on Thursday, June 8th. Credit Suisse Group raised Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, August 4th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $12.00 price target on shares of Himax Technologies in a report on Friday, August 4th.
Several hedge funds have recently made changes to their positions in HIMX. Bank of Montreal Can boosted its stake in shares of Himax Technologies by 339.2% in the first quarter. Bank of Montreal Can now owns 220,113 shares of the semiconductor company’s stock worth $2,007,000 after buying an additional 170,000 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Himax Technologies during the first quarter worth approximately $148,000. Canada Pension Plan Investment Board boosted its stake in shares of Himax Technologies by 2,325.6% in the first quarter. Canada Pension Plan Investment Board now owns 208,600 shares of the semiconductor company’s stock worth $1,902,000 after buying an additional 200,000 shares during the period. Great West Life Assurance Co. Can bought a new stake in shares of Himax Technologies during the first quarter worth approximately $750,000. Finally, US Bancorp DE boosted its stake in shares of Himax Technologies by 0.7% in the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares during the period. 21.68% of the stock is owned by institutional investors.
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Himax Technologies (NASDAQ HIMX) traded up 0.11% on Friday, reaching $8.71. 1,502,066 shares of the company’s stock were exchanged. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $10.95.
The company also recently disclosed an annual dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a dividend of $0.24 per share. This is a boost from Himax Technologies’s previous annual dividend of $0.12. This represents a yield of 2.71%. The ex-dividend date was Thursday, July 27th. Himax Technologies’s payout ratio is currently 191.68%.
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.
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