Himax Technologies, Inc. (NASDAQ:HIMX) had its price target hoisted by Robert W. Baird from $10.00 to $11.00 in a report released on Friday. The firm currently has an outperform rating on the semiconductor company’s stock.

A number of other analysts also recently commented on HIMX. Instinet reiterated a buy rating and issued a $12.00 price objective (up previously from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Roth Capital increased their price objective on shares of Himax Technologies from $10.00 to $12.00 and gave the company a buy rating in a report on Tuesday, September 26th. Vetr downgraded shares of Himax Technologies from a strong-buy rating to a buy rating and set a $12.04 price objective for the company. in a report on Monday, October 2nd. Northland Securities reiterated a buy rating and issued a $12.00 price objective on shares of Himax Technologies in a report on Friday, August 4th. Finally, Oppenheimer Holdings, Inc. reiterated an underperform rating and issued a $4.00 price objective (down previously from $8.00) on shares of Himax Technologies in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $10.09.

Himax Technologies (NASDAQ HIMX) traded up $0.27 during mid-day trading on Friday, reaching $10.20. 4,874,900 shares of the company’s stock were exchanged, compared to its average volume of 5,114,517. The firm has a market cap 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. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $11.97.

COPYRIGHT VIOLATION WARNING: “Himax Technologies, Inc. (HIMX) Given New $11.00 Price Target at Robert W. Baird” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/14/himax-technologies-inc-himx-given-new-11-00-price-target-at-robert-w-baird.html.

Large investors have recently bought and sold shares of the stock. Capital Investment Counsel Inc purchased a new position in shares of Himax Technologies during the 2nd quarter worth approximately $109,000. Bank of New York Mellon Corp boosted its position in shares of Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 77 shares during the period. Stifel Financial Corp purchased a new position in shares of Himax Technologies during the 2nd quarter worth approximately $126,000. Private Advisor Group LLC boosted its position in shares of Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 2,850 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in shares of Himax Technologies during the 2nd quarter worth approximately $145,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

Receive News & Stock Ratings for Himax Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies Inc. and related stocks with our FREE daily email newsletter.