Himax Technologies, Inc. (NASDAQ:HIMX) was upgraded by analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $13.00 price objective on the semiconductor company’s stock, up from their previous price objective of $8.50. Lake Street Capital’s price objective would suggest a potential upside of 18.94% from the stock’s current price.

A number of other equities research analysts also recently commented on HIMX. Northland Securities reiterated an “outperform” rating and issued a $15.00 price objective (up previously from $12.00) on shares of Himax Technologies in a report on Thursday, September 14th. Vetr downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $11.54 price objective for the company. in a report on Monday, September 25th. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and issued a $4.00 price objective (down previously from $8.00) on shares of Himax Technologies in a report on Friday, July 14th. CIBC reiterated an “underperform” rating and issued a $4.00 price objective on shares of Himax Technologies in a report on Friday, July 14th. Finally, Instinet reiterated a “buy” rating and issued a $12.00 price objective (up previously from $10.00) on shares of Himax Technologies in a report on Tuesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Himax Technologies currently has a consensus rating of “Buy” and an average target price of $9.68.

Himax Technologies (NASDAQ:HIMX) opened at 10.93 on Thursday. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $11.97.

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Hedge funds have recently bought and sold shares of the company. Capital Investment Counsel Inc acquired a new position in shares of Himax Technologies during the second quarter worth about $109,000. Bank of New York Mellon Corp boosted its position in shares of Himax Technologies by 0.5% during 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. Private Advisor Group LLC acquired a new position in shares of Himax Technologies during the first quarter worth about $130,000. US Bancorp DE boosted its position in shares of Himax Technologies by 0.7% during 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. Finally, Stifel Financial Corp acquired a new position in shares of Himax Technologies during the second quarter worth about $126,000. 21.70% of the stock is 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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