Several other equities analysts have also weighed in on the company. Zacks Investment Research upgraded Himax Technologies from a hold rating to a buy rating and set a $13.00 target price on the stock in a report on Wednesday, October 4th. Vetr upgraded Himax Technologies from a buy rating to a strong-buy rating and set a $13.02 target price on the stock in a report on Tuesday, October 3rd. Lake Street Capital upgraded Himax Technologies from a hold rating to a buy rating and raised their target price for the company from $8.50 to $13.00 in a report on Thursday, September 28th. Instinet restated a buy rating and set a $12.00 target price (up from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Finally, Roth Capital raised their target price on Himax Technologies from $10.00 to $12.00 and gave the company a buy rating in a report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $10.03.
Himax Technologies (NASDAQ:HIMX) traded up 0.42% during midday trading on Wednesday, hitting $9.59. The stock had a trading volume of 8,662,474 shares. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $11.97. The stock has a market cap of $1.65 billion, a P/E ratio of 87.98 and a beta of 0.79. The company’s 50-day moving average price is $10.21 and its 200 day moving average price is $8.52.
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Several institutional investors have recently bought and sold shares of HIMX. FMR LLC increased its stake in shares of Himax Technologies by 54.9% in the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after purchasing an additional 3,209,380 shares during the period. Kayak Investment Partners LLC bought a new position in Himax Technologies during the first quarter valued at about $19,649,000. Point72 Asset Management L.P. bought a new position in Himax Technologies during the first quarter valued at about $9,279,000. Dalton Investments LLC increased its stake in Himax Technologies by 69.1% during the second quarter. Dalton Investments LLC now owns 1,940,566 shares of the semiconductor company’s stock valued at $15,913,000 after acquiring an additional 792,968 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Himax Technologies during the first quarter valued at about $3,010,000. Institutional investors and hedge funds own 21.70% of the company’s stock.
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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