Vetr downgraded shares of Himax Technologies (NASDAQ:HIMX) from a strong-buy rating to a buy rating in a research note released on Monday morning. Vetr currently has $14.98 price objective on the semiconductor company’s stock.

HIMX has been the topic of several other research reports. Zacks Investment Research raised Himax Technologies from a hold rating to a buy rating and set a $13.00 price target on the stock in a report on Wednesday, October 4th. Macquarie reissued an outperform rating and issued a $12.20 price target (up previously from $11.00) on shares of Himax Technologies in a report on Wednesday, September 6th. ValuEngine raised Himax Technologies from a sell rating to a hold rating in a report on Friday, September 1st. Mizuho downgraded Himax Technologies from a buy rating to a neutral rating in a report on Wednesday, October 11th. Finally, Robert W. Baird reissued a buy rating on shares of Himax Technologies in a report on Sunday, October 22nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $10.24.

Shares of Himax Technologies (HIMX) opened at $11.04 on Monday. The stock has a market capitalization of $2,290.70, a P/E ratio of 221.83, a P/E/G ratio of 3.19 and a beta of 0.85. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $13.95.

Institutional investors have recently made changes to their positions in the business. Capital Investment Counsel Inc bought a new stake in Himax Technologies during the 2nd quarter valued at $109,000. Stifel Financial Corp bought a new stake in Himax Technologies during the 2nd quarter valued at $126,000. Bank of New York Mellon Corp raised its stake in 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 valued at $130,000 after acquiring an additional 77 shares in the last quarter. Private Advisor Group LLC raised its stake in Himax Technologies by 19.7% during 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 in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in Himax Technologies during the 2nd quarter valued at $145,000. 26.90% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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