Himax Technologies’ (HIMX) Market Perform Rating Reaffirmed at Oppenheimer Holdings, Inc.
Himax Technologies, Inc. (NASDAQ:HIMX)‘s stock had its “market perform” rating reaffirmed by stock analysts at Oppenheimer Holdings, Inc. in a report issued on Monday, May 15th.
HIMX has been the subject of a number of other research reports. Robert W. Baird decreased their target price on Himax Technologies from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, May 12th. Northland Securities reiterated an “outperform” rating and issued a $10.00 price objective on shares of Himax Technologies in a report on Wednesday, April 26th. Morgan Stanley upgraded Himax Technologies from an “equal weight” rating to an “overweight” rating and set a $11.50 price objective for the company in a report on Monday, March 27th. Macquarie started coverage on Himax Technologies in a report on Monday, April 17th. They issued an “outperform” rating and a $12.00 price objective for the company. Finally, Lake Street Capital downgraded Himax Technologies from a “buy” rating to a “hold” rating and set a $7.50 price objective for the company. in a report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Himax Technologies presently has an average rating of “Hold” and an average price target of $8.72.
Himax Technologies (HIMX) traded up 7.97% during mid-day trading on Monday, hitting $8.13. 8,084,495 shares of the stock traded hands. The firm has a market capitalization of $1.40 billion, a P/E ratio of 35.81 and a beta of 0.78. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $10.95. The company has a 50-day moving average of $7.21 and a 200 day moving average of $7.06.
Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, May 11th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $155.20 million for the quarter, compared to the consensus estimate of $162.26 million. Himax Technologies had a net margin of 5.04% and a return on equity of 8.59%. Himax Technologies’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. On average, equities research analysts anticipate that Himax Technologies will post $0.07 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in Himax Technologies during the first quarter valued at approximately $9,279,000. FNY Partners Fund LP acquired a new stake in Himax Technologies during the first quarter valued at approximately $777,000. Kayak Investment Partners LLC purchased a new position in shares of Himax Technologies during the first quarter valued at about $19,649,000. Sensato Investors LLC purchased a new position in shares of Himax Technologies during the first quarter valued at about $1,332,000. Finally, Yiheng Capital LLC boosted its position in shares of Himax Technologies by 12.0% in the first quarter. Yiheng Capital LLC now owns 934,928 shares of the semiconductor company’s stock valued at $8,527,000 after buying an additional 100,000 shares during the last quarter. 22.56% of the stock is currently owned by institutional investors.
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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