Himax Technologies, Inc. (NASDAQ:HIMX) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also recently issued reports on the stock. BidaskClub upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Northland Securities reiterated a “buy” rating and set a $12.00 price objective on shares of Himax Technologies in a research report on Friday, August 4th. Credit Suisse Group upgraded shares of Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Friday, August 4th. Robert W. Baird upgraded shares of Himax Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $6.00 to $10.00 in a research report on Friday, August 4th. Finally, Zacks Investment Research cut shares of Himax Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.58.

Himax Technologies (NASDAQ:HIMX) traded up 6.52% during mid-day trading on Friday, hitting $10.46. 10,317,254 shares of the stock traded hands. Himax Technologies has a one year low of $4.88 and a one year high of $10.95. The stock has a market capitalization of $1.80 billion, a PE ratio of 95.96 and a beta of 0.79. The company has a 50 day moving average price of $8.58 and a 200-day moving average price of $7.95.

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Several large investors have recently bought and sold shares of the stock. Capital Investment Counsel Inc bought a new stake in shares of Himax Technologies in the 2nd quarter valued at $109,000. Stifel Financial Corp bought a new stake in shares of Himax Technologies in the 2nd quarter valued at $126,000. Private Advisor Group LLC bought a new stake in shares of Himax Technologies in the 1st quarter valued at $130,000. Bank of New York Mellon Corp boosted its stake in shares of Himax Technologies by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 77 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Himax Technologies by 0.7% in the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock valued at $133,000 after purchasing an additional 100 shares during the last quarter. 21.68% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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