Himax Technologies, Inc. (HIMX) Upgraded to “Buy” by Roth Capital
Himax Technologies, Inc. (NASDAQ:HIMX) was upgraded by stock analysts at Roth Capital from a “neutral” rating to a “buy” rating in a report released on Friday.
A number of other research firms also recently issued reports on HIMX. Robert W. Baird reaffirmed a “neutral” rating and issued a $7.00 target price (up previously from $5.00) on shares of Himax Technologies in a research report on Wednesday, March 15th. Mizuho raised Himax Technologies from a “neutral” rating to a “buy” rating in a research report on Thursday, March 9th. Morgan Stanley raised Himax Technologies from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $4.00 to $8.00 in a research report on Friday, March 10th. Instinet raised Himax Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $7.70 to $9.00 in a research report on Tuesday, February 21st. Finally, TheStreet downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Himax Technologies currently has a consensus rating of “Buy” and a consensus target price of $9.14.
Shares of Himax Technologies (NASDAQ:HIMX) opened at 7.49 on Friday. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $10.95. The stock has a market cap of $1.29 billion, a PE ratio of 25.39 and a beta of 0.90. The company’s 50-day moving average price is $8.44 and its 200-day moving average price is $7.29.
Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, February 16th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. The company earned $203.40 million during the quarter, compared to analyst estimates of $202.60 million. Himax Technologies had a net margin of 6.77% and a return on equity of 11.71%. Himax Technologies’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 EPS. Analysts expect that Himax Technologies will post $0.28 earnings per share for the current year.
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Several large investors have recently modified their holdings of the stock. Standard Life Investments LTD boosted its stake in shares of Himax Technologies by 77.3% in the second quarter. Standard Life Investments LTD now owns 9,823,239 shares of the semiconductor company’s stock valued at $81,090,000 after buying an additional 4,284,326 shares during the period. Matrix Capital Management Company LP bought a new stake in shares of Himax Technologies during the third quarter valued at about $28,366,000. JPMorgan Chase & Co. boosted its stake in shares of Himax Technologies by 319.0% in the second quarter. JPMorgan Chase & Co. now owns 3,680,281 shares of the semiconductor company’s stock valued at $30,398,000 after buying an additional 2,801,920 shares during the period. Prince Street Capital Management LLC boosted its stake in shares of Himax Technologies by 91.3% in the third quarter. Prince Street Capital Management LLC now owns 5,753,800 shares of the semiconductor company’s stock valued at $49,425,000 after buying an additional 2,746,200 shares during the period. Finally, Hood River Capital Management LLC bought a new stake in shares of Himax Technologies during the second quarter valued at about $14,442,000. 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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