Himax Technologies, Inc. (NASDAQ:HIMX) Receives $5.21 Average Price Target from Brokerages

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) have earned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.21.

A number of brokerages recently weighed in on HIMX. ValuEngine downgraded shares of Himax Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 1st. Robert W. Baird began coverage on shares of Himax Technologies in a research note on Wednesday, March 25th. They set an “outperform” rating and a $6.00 price objective for the company. Credit Suisse Group upgraded Himax Technologies from a “neutral” rating to an “outperform” rating and set a $4.00 price objective on the stock in a research report on Wednesday, April 1st. Northland Securities reaffirmed a “hold” rating and issued a $3.50 price target on shares of Himax Technologies in a research report on Monday, May 11th. Finally, Zacks Investment Research raised Himax Technologies from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a report on Thursday, July 9th.

Large investors have recently bought and sold shares of the company. US Bancorp DE raised its holdings in Himax Technologies by 35.3% in the 1st quarter. US Bancorp DE now owns 18,707 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 4,881 shares during the period. Full Sail Capital LLC bought a new position in shares of Himax Technologies in the 1st quarter worth approximately $33,000. Tatro Capital LLC purchased a new position in Himax Technologies during the second quarter worth $44,000. Voloridge Investment Management LLC bought a new position in Himax Technologies in the first quarter worth about $37,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Himax Technologies during the 1st quarter worth approximately $38,000. Institutional investors own 10.70% of the company’s stock.

Shares of NASDAQ HIMX opened at $3.69 on Friday. Himax Technologies has a 52-week low of $1.70 and a 52-week high of $5.10. The stock has a market capitalization of $635.05 million, a P/E ratio of -92.21 and a beta of 1.03. The stock’s 50 day moving average price is $3.44 and its two-hundred day moving average price is $3.49.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, May 14th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. Himax Technologies had a negative return on equity of 1.62% and a negative net margin of 1.15%. The business had revenue of $184.60 million during the quarter, compared to analyst estimates of $187.49 million. During the same period last year, the company earned ($0.01) earnings per share. Himax Technologies’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, research analysts anticipate that Himax Technologies will post -0.04 EPS for the current fiscal year.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.

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Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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