Himax Technologies, Inc. (NASDAQ:HIMX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Instinet in a research report issued on Friday. They currently have a $12.00 price target on the semiconductor company’s stock. Instinet’s price target points to a potential upside of 25.26% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Mizuho lowered shares of Himax Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday. Zacks Investment Research raised shares of Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, October 4th. Vetr raised shares of Himax Technologies from a “buy” rating to a “strong-buy” rating and set a $13.02 price target on the stock in a research report on Tuesday, October 3rd. Lake Street Capital raised shares of Himax Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.50 to $13.00 in a research report on Thursday, September 28th. Finally, Roth Capital lifted their price target on shares of Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Himax Technologies currently has a consensus rating of “Buy” and an average target price of $10.03.

Himax Technologies (NASDAQ:HIMX) traded down 2.61% during midday trading on Friday, hitting $9.33. 5,703,958 shares of the stock traded hands. The company has a 50-day moving average price of $10.25 and a 200-day moving average price of $8.53. The firm has a market cap of $1.60 billion, a P/E ratio of 85.60 and a beta of 0.79. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $11.97.

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Institutional investors have recently made changes to their positions in the business. Capital Investment Counsel Inc bought a new stake in Himax Technologies in the 2nd quarter valued at $109,000. Bank of New York Mellon Corp increased its holdings in 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. US Bancorp DE increased its holdings in 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. Stifel Financial Corp bought a new stake in Himax Technologies in the 2nd quarter valued at $126,000. Finally, Private Advisor Group LLC increased its holdings in Himax Technologies by 19.7% in the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 2,850 shares during the period. 21.70% of the stock is currently owned by hedge funds and other 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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