Himax Technologies, Inc. (HIMX) Raised to “Strong-Buy” at Vetr Inc.
Himax Technologies, Inc. (NASDAQ:HIMX) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday. The firm presently has a $13.02 target price on the semiconductor company’s stock. Vetr‘s price objective points to a potential upside of 15.73% from the stock’s current price.
Several other analysts also recently weighed in on HIMX. Macquarie restated an “outperform” rating and set a $12.20 target price (up from $11.00) on shares of Himax Technologies in a research note on Wednesday, September 6th. ValuEngine upgraded Himax Technologies from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Rosenblatt Securities cut Himax Technologies from a “neutral” rating to a “sell” rating and cut their price target for the stock from $7.00 to $6.00 in a research note on Friday, July 21st. Zacks Investment Research downgraded Himax Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird raised Himax Technologies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $6.00 to $10.00 in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $9.78.
Shares of Himax Technologies (NASDAQ:HIMX) opened at 11.25 on Tuesday. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $11.97. The firm has a 50-day moving average price of $9.76 and a 200-day moving average price of $8.44. The firm has a market capitalization of $1.94 billion, a PE ratio of 103.21 and a beta of 0.79.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in shares of Himax Technologies by 54.9% during the 2nd quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock valued at $74,253,000 after buying an additional 3,209,380 shares during the last quarter. Kayak Investment Partners LLC acquired a new stake in Himax Technologies during the first quarter worth about $19,649,000. Point72 Asset Management L.P. acquired a new stake in Himax Technologies during the first quarter worth about $9,279,000. Dalton Investments LLC raised its stake in Himax Technologies by 69.1% during the second quarter. Dalton Investments LLC now owns 1,940,566 shares of the semiconductor company’s stock worth $15,913,000 after acquiring an additional 792,968 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Himax Technologies during the first quarter worth about $3,010,000. 21.70% 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.
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