Himax Technologies, Inc. (NASDAQ:HIMX) Upgraded to “Buy” at Credit Suisse Group
Credit Suisse Group upgraded shares of Himax Technologies, Inc. (NASDAQ:HIMX) from a neutral rating to a buy rating in a research note released on Friday, August 4th. Credit Suisse Group currently has $11.00 price objective on the semiconductor company’s stock.
Other equities research analysts have also recently issued reports about the company. Nomura set a $9.00 price objective on Himax Technologies and gave the stock a buy rating in a research note on Saturday, May 13th. Oppenheimer Holdings, Inc. reissued an underperform rating and set a $4.00 price objective (down from $8.00) on shares of Himax Technologies in a research note on Friday, July 14th. CIBC reissued an underperform rating and set a $4.00 price objective on shares of Himax Technologies in a research note on Friday, July 14th. Lake Street Capital cut Himax Technologies from a buy rating to a hold rating and set a $7.50 price objective on the stock. in a research note on Thursday, May 11th. Finally, ValuEngine raised Himax Technologies from a sell rating to a hold rating in a research note on Saturday, July 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Himax Technologies has an average rating of Hold and an average price target of $8.58.
Himax Technologies (HIMX) traded down 1.32% during trading on Friday, reaching $8.22. The company had a trading volume of 2,885,857 shares. Himax Technologies has a one year low of $4.88 and a one year high of $10.95.
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The company also recently disclosed an annual dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a $0.24 dividend. The ex-dividend date was Thursday, July 27th. This represents a yield of 2.71%. This is a boost from Himax Technologies’s previous annual dividend of $0.12. Himax Technologies’s dividend payout ratio is 191.68%.
A number of hedge funds have recently bought and sold shares of HIMX. FMR LLC raised its stake in 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 buying an additional 3,209,380 shares in the last quarter. Kayak Investment Partners LLC raised its stake in Himax Technologies by 22.3% in the second quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock worth $21,598,000 after buying an additional 479,400 shares in the last quarter. Dalton Investments LLC raised its stake in Himax Technologies by 69.1% in the second quarter. Dalton Investments LLC now owns 1,940,566 shares of the semiconductor company’s stock worth $15,913,000 after buying an additional 792,968 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Himax Technologies during the first quarter worth $9,279,000. Finally, Yiheng Capital LLC raised its stake in Himax Technologies by 12.0% in the first quarter. Yiheng Capital LLC now owns 934,928 shares of the semiconductor company’s stock worth $8,527,000 after buying an additional 100,000 shares in the last quarter. Institutional investors own 22.42% 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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