Himax Technologies’ (HIMX) “Sell” Rating Reaffirmed at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. reiterated their sell rating on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a research note released on Friday. They currently have a $4.00 price objective on the semiconductor company’s stock.
A number of other research analysts also recently commented on the company. Mizuho downgraded Himax Technologies from a buy rating to a neutral rating in a research note on Wednesday, October 11th. Roth Capital restated a buy rating and issued a $10.00 target price on shares of Himax Technologies in a research note on Tuesday, September 5th. Rosenblatt Securities downgraded Himax Technologies from a neutral rating to a sell rating and lowered their target price for the company from $7.00 to $6.00 in a research note on Friday, July 21st. Credit Suisse Group upgraded Himax Technologies from a neutral rating to a buy rating and set a $11.00 target price on the stock in a research note on Friday, August 4th. Finally, Robert W. Baird reaffirmed a buy rating on shares of Himax Technologies in a research report on Sunday, October 22nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $10.09.
Shares of Himax Technologies (HIMX) traded down $0.60 during mid-day trading on Friday, hitting $9.93. The stock had a trading volume of 6,717,500 shares, compared to its average volume of 5,115,616. Himax Technologies has a twelve month low of $4.88 and a twelve month high of $11.97. The stock has a market capitalization of $1,708.00, a P/E ratio of 165.50, a price-to-earnings-growth ratio of 3.97 and a beta of 0.69.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Investment Counsel Inc bought a new position in shares of Himax Technologies in the 2nd quarter valued at about $109,000. Stifel Financial Corp acquired a new stake in Himax Technologies during the second quarter worth approximately $126,000. Bank of New York Mellon Corp lifted its position in 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 acquiring an additional 77 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Himax Technologies by 19.7% in the second 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 in the last quarter. Finally, Northern Trust Corp raised its position in shares of Himax Technologies by 9.7% in the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,583 shares in the last quarter. Institutional investors own 22.30% of the company’s stock.
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.
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