Nomura lowered shares of Himax Technologies (NASDAQ:HIMX) from a buy rating to a hold rating in a research note issued to investors on Friday morning. Nomura currently has $8.00 price target on the semiconductor company’s stock, down from their prior price target of $10.00.
Several other equities research analysts have also weighed in on HIMX. Northland Securities lowered shares of Himax Technologies from an outperform rating to a market perform rating in a report on Friday. Robert W. Baird increased their target price on shares of Himax Technologies from $10.00 to $12.00 and gave the stock a buy rating in a report on Tuesday, January 9th. BidaskClub lowered shares of Himax Technologies from a hold rating to a sell rating in a report on Saturday, February 17th. Zacks Investment Research lowered shares of Himax Technologies from a hold rating to a sell rating in a report on Tuesday, February 20th. Finally, Vetr lowered shares of Himax Technologies from a strong-buy rating to a buy rating and set a $14.98 target price on the stock. in a report on Monday, December 4th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $10.79.
Shares of Himax Technologies (NASDAQ:HIMX) opened at $7.68 on Friday. The firm has a market cap of $1,320.00, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52. Himax Technologies has a twelve month low of $6.40 and a twelve month high of $13.95.
Several large investors have recently modified their holdings of HIMX. Northern Trust Corp raised its holdings in shares of Himax Technologies by 9.7% during the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,583 shares during the period. Stifel Financial Corp acquired a new stake in shares of Himax Technologies during the second quarter worth $126,000. State Street Corp grew its position in Himax Technologies by 9.6% in the second quarter. State Street Corp now owns 125,071 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 10,969 shares in the last quarter. First Trust Advisors LP bought a new position in Himax Technologies in the third quarter valued at $451,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Himax Technologies in the third quarter valued at $353,000. Institutional investors and hedge funds own 33.22% 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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