Himax Technologies (NASDAQ:HIMX) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $14.86 price objective on the semiconductor company’s stock. Vetr‘s price target points to a potential upside of 23.94% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Morgan Stanley lowered shares of Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 target price on the stock. in a research note on Monday, November 27th. Oppenheimer reissued a “sell” rating and issued a $4.00 target price on shares of Himax Technologies in a research note on Friday, November 10th. Robert W. Baird raised their target price on shares of Himax Technologies from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Instinet reissued a “buy” rating and issued a $12.00 target price on shares of Himax Technologies in a research note on Friday, October 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.24.

Himax Technologies (NASDAQ:HIMX) opened at $11.99 on Tuesday. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $13.95. The firm has a market cap of $2,235.63, a P/E ratio of 216.50, a price-to-earnings-growth ratio of 3.12 and a beta of 0.85.

Several hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Himax Technologies during the 3rd quarter valued at approximately $193,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Himax Technologies during the 3rd quarter valued at approximately $232,000. Yiheng Capital LLC raised its position in shares of Himax Technologies by 36.4% during the 3rd quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock valued at $13,936,000 after buying an additional 340,104 shares during the period. Quentec Asset Management LLC raised its position in shares of Himax Technologies by 28.5% during the 3rd quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock valued at $29,137,000 after buying an additional 591,273 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Himax Technologies during the 3rd quarter valued at approximately $671,000. 26.90% of the stock is currently owned by hedge funds and other institutional investors.

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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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