Himax Technologies, Inc. (NASDAQ:HIMX) Given Underperform Rating at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. restated their underperform rating on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage currently has a $4.00 price objective on the semiconductor company’s stock, down from their prior price objective of $8.00.
HIMX has been the topic of a number of other research reports. Nomura set a $9.00 price objective on Himax Technologies and gave the stock a buy rating in a research note on Saturday, May 13th. Northland Securities reissued an outperform rating and set a $10.00 price objective on shares of Himax Technologies in a research note on Wednesday, April 26th. Lake Street Capital lowered Himax Technologies from a buy rating to a hold rating and set a $7.50 price objective on the stock. in a research note on Thursday, May 11th. ValuEngine lowered Himax Technologies from a hold rating to a sell rating in a research note on Thursday, May 18th. Finally, Zacks Investment Research raised Himax Technologies from a sell rating to a hold rating and set a $9.00 price objective on the stock in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $8.08.
Shares of Himax Technologies (HIMX) traded up 1.11% during mid-day trading on Friday, hitting $8.18. The stock had a trading volume of 2,229,172 shares. Himax Technologies has a one year low of $4.88 and a one year high of $10.95. Himax Technologies also was the recipient of unusually large options trading on Friday. Stock investors purchased 9,637 put options on the company. This is an increase of 352% compared to the average volume of 2,132 put options.
Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, May 11th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The firm had revenue of $155.20 million during the quarter, compared to analyst estimates of $162.26 million. Himax Technologies had a return on equity of 8.59% and a net margin of 5.04%. The business’s revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, equities analysts predict that Himax Technologies will post $0.10 EPS for the current year.
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Several large investors have recently bought and sold shares of HIMX. Creative Planning increased its stake in Himax Technologies by 4.2% in the first quarter. Creative Planning now owns 55,590 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 2,217 shares in the last quarter. Sheets Smith Wealth Management increased its stake in Himax Technologies by 3.5% in the first quarter. Sheets Smith Wealth Management now owns 29,180 shares of the semiconductor company’s stock valued at $266,000 after buying an additional 1,000 shares in the last quarter. Bank of Montreal Can increased its stake in Himax Technologies by 339.2% in the first quarter. Bank of Montreal Can now owns 220,113 shares of the semiconductor company’s stock valued at $2,007,000 after buying an additional 170,000 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Himax Technologies during the first quarter valued at about $148,000. Finally, Canada Pension Plan Investment Board increased its stake in 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 valued at $1,902,000 after buying an additional 200,000 shares in the last quarter. Hedge funds and other institutional investors own 22.46% of the company’s stock.
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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