BidaskClub upgraded shares of Himax Technologies (NASDAQ:HIMX) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other equities analysts have also recently issued reports about the company. Vetr cut Himax Technologies from a strong-buy rating to a buy rating and set a $12.04 price objective on the stock. in a research note on Monday, October 2nd. Lake Street Capital upgraded Himax Technologies from a hold rating to a buy rating and raised their price objective for the company from $8.50 to $13.00 in a research note on Thursday, September 28th. Instinet restated a buy rating and set a $12.00 price objective (up from $10.00) on shares of Himax Technologies in a research note on Tuesday, September 26th. Roth Capital raised their price objective on Himax Technologies from $10.00 to $12.00 and gave the company a buy rating in a research note on Tuesday, September 26th. Finally, Zacks Investment Research upgraded Himax Technologies from a hold rating to a buy rating and set a $13.00 price objective on the stock in a research note on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $10.40.

Himax Technologies (NASDAQ:HIMX) opened at $10.42 on Friday. Himax Technologies has a twelve month low of $4.88 and a twelve month high of $13.95. The stock has a market capitalization of $1,790.00, a price-to-earnings ratio of 173.67, a P/E/G ratio of 2.55 and a beta of 0.85.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Himax Technologies during the 3rd quarter worth $286,000. Summit Securities Group LLC bought a new stake in shares of Himax Technologies during the 3rd quarter worth $470,000. Stifel Financial Corp bought a new stake in shares of Himax Technologies during the 2nd quarter worth $126,000. BT Investment Management Ltd bought a new stake in shares of Himax Technologies during the 3rd quarter worth $1,203,000. Finally, USA Financial Portformulas Corp bought a new stake in shares of Himax Technologies during the 2nd quarter worth $763,000. Institutional investors own 26.90% of the company’s stock.

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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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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