Himax Technologies, Inc. (NASDAQ:HIMX) shares gapped up prior to trading on Friday . The stock had previously closed at $10.61, but opened at $10.25. Himax Technologies shares last traded at $10.35, with a volume of 4,020,216 shares.

Several research analysts recently weighed in on HIMX shares. ValuEngine raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research raised shares of Himax Technologies from a “sell” rating to a “hold” rating and set a $9.00 target price for the company in a report on Wednesday, July 12th. Northland Securities reaffirmed an “outperform” rating and issued a $10.00 target price on shares of Himax Technologies in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reaffirmed an “underperform” rating and issued a $4.00 target price (down previously from $8.00) on shares of Himax Technologies in a report on Friday, July 14th. Finally, Cann started coverage on shares of Himax Technologies in a report on Friday, July 14th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $10.03.

The company has a market cap of $1.78 billion, a price-to-earnings ratio of 95.14 and a beta of 0.79. The company has a 50 day moving average of $10.21 and a 200 day moving average of $8.57.

Several large investors have recently bought and sold shares of HIMX. FMR LLC lifted its stake in shares of Himax Technologies by 54.9% in the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after buying an additional 3,209,380 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Himax Technologies in the first quarter worth about $9,279,000. Dalton Investments LLC lifted its stake in shares of Himax Technologies by 69.1% in the second quarter. Dalton Investments LLC now owns 1,940,566 shares of the semiconductor company’s stock worth $15,913,000 after buying an additional 792,968 shares in the last quarter. Kayak Investment Partners LLC lifted its stake in shares of Himax Technologies by 22.3% in the second quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock worth $21,598,000 after buying an additional 479,400 shares in the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Himax Technologies by 112.0% in the second quarter. Verition Fund Management LLC now owns 303,622 shares of the semiconductor company’s stock worth $2,490,000 after buying an additional 160,422 shares in the last quarter. 21.62% of the stock is currently owned by hedge funds and other institutional investors.

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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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