Shares of Himax Technologies, Inc. (NASDAQ:HIMX) have been assigned an average rating of “Buy” from the twenty-two ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $10.18.

Several research analysts have recently weighed in on HIMX shares. ValuEngine upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating and set a $9.00 price target on the stock in a research note on Wednesday, July 12th. Northland Securities reiterated an “outperform” rating and set a $10.00 price target on shares of Himax Technologies in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and set a $4.00 price target (down previously from $8.00) on shares of Himax Technologies in a research note on Friday, July 14th. Finally, Cann started coverage on shares of Himax Technologies in a research note on Friday, July 14th. They set a “buy” rating on the stock.

Hedge funds and other 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 acquiring an additional 77 shares during the last quarter. 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 acquiring an additional 100 shares during the last quarter. 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 acquiring an additional 2,850 shares during the last quarter. Institutional investors own 21.70% of the company’s stock.

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Shares of Himax Technologies (NASDAQ HIMX) remained flat at $9.46 during midday trading on Friday. 3,662,957 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $10.30 and its 200 day moving average is $8.54. Himax Technologies has a one year low of $4.88 and a one year high of $11.97. The stock has a market cap of $1.63 billion, a PE ratio of 86.79 and a beta of 0.79.

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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