Himax Technologies, Inc. (NASDAQ:HIMX)’s share price was down 0% during mid-day trading on Friday . The company traded as low as $9.76 and last traded at $9.93. Approximately 6,714,249 shares traded hands during mid-day trading, an increase of 31% from the average daily volume of 5,115,594 shares. The stock had previously closed at $9.93.

A number of equities analysts have issued reports on HIMX shares. Mizuho cut shares of Himax Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 11th. Roth Capital reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Himax Technologies in a research note on Tuesday, September 5th. Rosenblatt Securities cut shares of Himax Technologies from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $7.00 to $6.00 in a research note on Friday, July 21st. Credit Suisse Group raised shares of Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Friday, August 4th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Himax Technologies in a research note on Sunday, October 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.09.

The firm has a market capitalization of $1,720.00, a price-to-earnings ratio of 88.83, a P/E/G ratio of 4.26 and a beta of 0.69.

Large investors have recently modified their holdings of the stock. Summit Securities Group LLC acquired a new stake in shares of Himax Technologies during the third quarter worth $470,000. USA Financial Portformulas Corp acquired a new stake in shares of Himax Technologies during the second quarter worth $763,000. FMR LLC raised its holdings in shares of Himax Technologies by 54.9% during the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after acquiring an additional 3,209,380 shares during the period. Sheets Smith Wealth Management raised its holdings in shares of Himax Technologies by 31.4% during the second quarter. Sheets Smith Wealth Management now owns 38,354 shares of the semiconductor company’s stock worth $315,000 after acquiring an additional 9,174 shares during the period. Finally, Verition Fund Management LLC raised its holdings in shares of Himax Technologies by 112.0% during the second quarter. Verition Fund Management LLC now owns 303,622 shares of the semiconductor company’s stock worth $2,490,000 after acquiring an additional 160,422 shares during the period. Institutional investors and hedge funds own 21.71% of the company’s stock.

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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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