BidaskClub upgraded shares of Himax Technologies, Inc. (NASDAQ:HIMX) from a hold rating to a buy rating in a report issued on Friday.

HIMX has been the subject of a number of other research reports. Robert W. Baird reduced their price target on Himax Technologies from $7.00 to $6.00 and set a neutral rating for the company in a research report on Friday, May 12th. Rosenblatt Securities lowered Himax Technologies from a neutral rating to a sell rating and reduced their price target for the stock from $7.00 to $6.00 in a research report on Friday, July 21st. Zacks Investment Research lowered Himax Technologies from a buy rating to a hold rating in a research report on Wednesday, August 2nd. ValuEngine lowered Himax Technologies from a hold rating to a sell rating in a research report on Thursday, May 18th. Finally, Macquarie reiterated an outperform rating and set a $10.30 price target on shares of Himax Technologies in a research report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $8.58.

Himax Technologies (HIMX) traded down 1.81% during trading on Friday, reaching $8.66. 1,461,867 shares of the company’s stock were exchanged. Himax Technologies has a 52 week low of $4.88 and a 52 week high of $10.95. The stock has a 50-day moving average of $8.40 and a 200-day moving average of $7.80.

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The business also recently announced an annual dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, July 27th. This is a positive change from Himax Technologies’s previous annual dividend of $0.12. This represents a dividend yield of 2.71%. Himax Technologies’s payout ratio is 191.68%.

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Himax Technologies by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after buying an additional 77 shares during the period. US Bancorp DE raised its stake in shares of Himax Technologies by 0.7% in the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares during the period. Northern Trust Corp raised its stake in shares of Himax Technologies by 9.7% in the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after buying an additional 1,583 shares during the period. Private Advisor Group LLC raised its stake in shares of Himax Technologies by 19.7% in the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after buying an additional 2,850 shares during the period. Finally, Profund Advisors LLC raised its stake in shares of Himax Technologies by 5.2% in the second quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after buying an additional 3,320 shares during the period. 22.42% 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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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