Himax Technologies, Inc. (HIMX) Rating Reiterated by Oppenheimer Holdings, Inc.
Himax Technologies, Inc. (NASDAQ:HIMX)‘s stock had its “sell” rating reissued by stock analysts at Oppenheimer Holdings, Inc. in a research note issued on Thursday. They presently have a $4.00 price target on the semiconductor company’s stock. Oppenheimer Holdings, Inc.’s target price would indicate a potential downside of 60.75% from the stock’s current price.
Several other research analysts also recently weighed in on the company. ValuEngine downgraded Himax Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, May 18th. Rosenblatt Securities downgraded Himax Technologies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $7.00 to $6.00 in a research note on Friday, July 21st. Credit Suisse Group upgraded Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday, August 4th. Zacks Investment Research downgraded Himax Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. Finally, Robert W. Baird dropped their target price on Himax Technologies from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, May 12th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.70.
Himax Technologies (HIMX) traded up 0.79% during midday trading on Thursday, hitting $10.19. The company had a trading volume of 8,913,882 shares. The stock has a 50 day moving average price of $8.85 and a 200-day moving average price of $8.07. Himax Technologies has a 52 week low of $4.88 and a 52 week high of $11.97. The stock has a market capitalization of $1.75 billion, a PE ratio of 93.49 and a beta of 0.80.
COPYRIGHT VIOLATION NOTICE: “Himax Technologies, Inc. (HIMX) Rating Reiterated by Oppenheimer Holdings, Inc.” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/09/09/himax-technologies-inc-himx-rating-reiterated-by-oppenheimer-holdings-inc.html.
Several hedge funds have recently modified their holdings of HIMX. Capital Investment Counsel Inc acquired a new position in shares of Himax Technologies in the 2nd quarter valued at about $109,000. Stifel Financial Corp acquired a new position in shares of Himax Technologies in the 2nd quarter valued at about $126,000. Private Advisor Group LLC acquired a new position in shares of Himax Technologies in the 1st quarter valued at about $130,000. Bank of New York Mellon Corp lifted its holdings 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 buying an additional 77 shares during the period. Finally, US Bancorp DE lifted its holdings 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 buying an additional 100 shares during the period. 21.74% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Himax Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies Inc. and related stocks with our FREE daily email newsletter.