Himax Technologies, Inc. (NASDAQ:HIMX)’s share price gapped up before the market opened on Friday after Roth Capital upgraded the stock from a neutral rating to a buy rating. The stock had previously closed at $4.85, but opened at $4.88. Roth Capital now has a price target on the stock, up from their previous price target of . Himax Technologies shares last traded at $4.91, with a volume of 1,882,711 shares traded.
A number of other research firms have also weighed in on HIMX. Zacks Investment Research raised shares of Himax Technologies from a “hold” rating to a “strong-buy” rating and set a $4.50 target price for the company in a research report on Monday, January 13th. BidaskClub raised shares of Himax Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. ValuEngine lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 18th. TheStreet lowered shares of Himax Technologies from a “c-” rating to a “d” rating in a research report on Friday, November 8th. Finally, Lake Street Capital boosted their target price on shares of Himax Technologies from $5.00 to $6.50 and gave the stock a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Himax Technologies presently has an average rating of “Buy” and an average price target of $4.65.
Several large investors have recently bought and sold shares of HIMX. FMR LLC increased its holdings in shares of Himax Technologies by 2,108,660.0% during the 4th quarter. FMR LLC now owns 948,942 shares of the semiconductor company’s stock worth $2,524,000 after purchasing an additional 948,897 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Himax Technologies by 116.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,753,989 shares of the semiconductor company’s stock worth $4,666,000 after purchasing an additional 942,163 shares during the period. Morgan Stanley increased its holdings in shares of Himax Technologies by 111.5% during the 2nd quarter. Morgan Stanley now owns 1,233,797 shares of the semiconductor company’s stock worth $4,294,000 after purchasing an additional 650,517 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Himax Technologies during the 4th quarter worth about $191,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Himax Technologies during the 4th quarter worth about $182,000. Institutional investors own 6.63% of the company’s stock.
The company has a market cap of $759.16 million, a P/E ratio of -161.33 and a beta of 0.29. The firm’s fifty day moving average price is $3.77 and its 200-day moving average price is $2.71.
Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, February 13th. The semiconductor company reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. The business had revenue of $174.90 million for the quarter, compared to analysts’ expectations of $174.90 million. Himax Technologies had a negative net margin of 0.90% and a negative return on equity of 1.15%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. As a group, analysts forecast that Himax Technologies, Inc. will post -0.11 earnings per share for the current year.
About Himax Technologies (NASDAQ:HIMX)
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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