Himax Technologies, Inc. (HIMX) Upgraded to Buy by Mizuho
Himax Technologies, Inc. (NASDAQ:HIMX) was upgraded by research analysts at Mizuho from a “neutral” rating to a “buy” rating in a research note issued on Thursday.
Several other research analysts have also recently issued reports on the company. Morgan Stanley cut Himax Technologies from an “equal weight” rating to an “underweight” rating and set a $4.00 target price on the stock. in a research report on Monday, February 6th. Craig Hallum cut Himax Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $10.00 to $7.00 in a research report on Tuesday, January 10th. Zacks Investment Research raised Himax Technologies from a “sell” rating to a “hold” rating in a research report on Monday, February 20th. TheStreet cut Himax Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Finally, Nomura raised Himax Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, February 17th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Himax Technologies presently has an average rating of “Buy” and an average target price of $9.14.
Shares of Himax Technologies (NASDAQ:HIMX) traded down 2.35% during mid-day trading on Thursday, hitting $7.49. 2,436,233 shares of the company’s stock were exchanged. Himax Technologies has a 52 week low of $4.88 and a 52 week high of $10.95. The firm has a 50 day moving average price of $8.44 and a 200-day moving average price of $7.29. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 25.39 and a beta of 0.90.
Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, February 16th. The semiconductor company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. Himax Technologies had a net margin of 6.77% and a return on equity of 11.71%. The firm earned $203.40 million during the quarter, compared to analyst estimates of $202.60 million. During the same period last year, the business posted $0.04 EPS. The company’s revenue was up 14.3% on a year-over-year basis. On average, equities analysts anticipate that Himax Technologies will post $0.28 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. purchased a new position in Himax Technologies during the first quarter worth about $112,000. Airain ltd purchased a new position in Himax Technologies during the second quarter worth about $115,000. Legal & General Group Plc purchased a new position in Himax Technologies during the second quarter worth about $123,000. Societe Generale purchased a new position in Himax Technologies during the second quarter worth about $139,000. Finally, SG Americas Securities LLC purchased a new position in Himax Technologies during the second quarter worth about $139,000. Institutional investors and hedge funds own 38.30% of the company’s stock.
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.
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