Several analysts have recently updated their ratings and price targets for Himax Technologies (NASDAQ: HIMX):

  • 3/9/2018 – Himax Technologies was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating.
  • 3/9/2018 – Himax Technologies was downgraded by analysts at Nomura from a “buy” rating to a “hold” rating. They now have a $8.00 price target on the stock, down previously from $10.00.
  • 3/2/2018 – Himax Technologies had its “buy” rating reaffirmed by analysts at Northland Securities.
  • 2/20/2018 – Himax Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays. “
  • 2/17/2018 – Himax Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/13/2018 – Himax Technologies had its price target lowered by analysts at Roth Capital from $15.00 to $12.00. They now have a “buy” rating on the stock.
  • 2/9/2018 – Himax Technologies was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/26/2018 – Himax Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/23/2018 – Himax Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays. “
  • 1/19/2018 – Himax Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays. “
  • 1/16/2018 – Himax Technologies was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/12/2018 – Himax Technologies was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays. “
  • 1/11/2018 – Himax Technologies was given a new $15.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.

Shares of Himax Technologies, Inc. (HIMX) traded up $0.09 during trading on Monday, reaching $7.84. 1,684,997 shares of the company’s stock were exchanged, compared to its average volume of 4,421,302. Himax Technologies, Inc. has a 12 month low of $6.40 and a 12 month high of $13.95. The stock has a market capitalization of $1,333.81, a PE ratio of 46.12, a PEG ratio of 1.75 and a beta of 0.52.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Himax Technologies had a net margin of 4.08% and a return on equity of 6.41%. The company had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $184.30 million. During the same period last year, the business posted $0.03 earnings per share. The company’s quarterly revenue was down 11.0% on a year-over-year basis. analysts expect that Himax Technologies, Inc. will post 0.18 EPS for the current year.

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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