Himax Technologies (NASDAQ:HIMX) had its target price reduced by analysts at Roth Capital from $15.00 to $12.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the semiconductor company’s stock. Roth Capital’s price target would suggest a potential upside of 47.60% from the company’s current price.

Several other research firms also recently weighed in on HIMX. BidaskClub downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 9th. Robert W. Baird upped their price target on Himax Technologies from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Vetr downgraded Himax Technologies from a “buy” rating to a “hold” rating and set a $13.60 price target for the company. in a research note on Thursday, November 23rd. Zacks Investment Research downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Lake Street Capital set a $13.00 price target on Himax Technologies and gave the stock a “buy” rating in a research note on Thursday, December 28th. Three research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.86.

Himax Technologies (NASDAQ:HIMX) opened at $8.13 on Tuesday. The stock has a market capitalization of $1,400.00, a P/E ratio of 135.50, a P/E/G ratio of 1.20 and a beta of 0.46. Himax Technologies has a 52 week low of $5.64 and a 52 week high of $13.95.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The company had revenue of $181.10 million for the quarter, compared to the consensus estimate of $184.30 million. Himax Technologies had a net margin of 1.25% and a return on equity of 2.10%. The company’s revenue was down 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. equities analysts expect that Himax Technologies will post 0.16 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of HIMX. KADENSA CAPITAL Ltd bought a new position in shares of Himax Technologies during the 4th quarter valued at approximately $8,202,000. CI Investments Inc. bought a new position in shares of Himax Technologies during the 3rd quarter valued at approximately $7,276,000. Quentec Asset Management LLC boosted 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 acquiring an additional 591,273 shares during the last quarter. QVT Financial LP bought a new position in shares of Himax Technologies during the 4th quarter valued at approximately $5,038,000. Finally, NF Trinity Capital Hong Kong Ltd bought a new position in shares of Himax Technologies during the 4th quarter valued at approximately $4,897,000. Hedge funds and other institutional investors own 27.31% 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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