Himax Technologies, Inc. (HIMX) Rating Increased to Strong-Buy at Vetr Inc.
Himax Technologies, Inc. (NASDAQ:HIMX) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Tuesday. The brokerage currently has a $13.02 target price on the semiconductor company’s stock. Vetr‘s target price indicates a potential upside of 20.11% from the stock’s current price.
Several other brokerages have also recently issued reports on HIMX. Roth Capital reissued a “buy” rating and issued a $10.00 target price on shares of Himax Technologies in a research report on Tuesday, September 5th. Macquarie reissued an “outperform” rating and issued a $12.20 target price (up from $11.00) on shares of Himax Technologies in a research report on Wednesday, September 6th. Oppenheimer Holdings, Inc. reissued a “sell” rating and issued a $4.00 target price on shares of Himax Technologies in a research report on Thursday, September 7th. ValuEngine raised Himax Technologies from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Northland Securities reissued an “outperform” rating and issued a $15.00 target price (up from $12.00) on shares of Himax Technologies in a research report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.03.
Shares of Himax Technologies (NASDAQ HIMX) traded down 0.55% during midday trading on Tuesday, hitting $10.78. The stock had a trading volume of 1,220,506 shares. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $11.97. Himax Technologies also was the target of unusually large options trading on Monday. Investors purchased 4,945 put options on the stock. This is an increase of 112% compared to the typical daily volume of 2,337 put options.
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A number of institutional investors and hedge funds have recently modified their holdings of HIMX. FMR LLC raised its stake in Himax Technologies by 54.9% during the 2nd quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock valued at $74,253,000 after purchasing an additional 3,209,380 shares during the period. Kayak Investment Partners LLC bought a new stake in Himax Technologies during the 1st quarter valued at approximately $19,649,000. Point72 Asset Management L.P. bought a new stake in Himax Technologies during the 1st quarter valued at approximately $9,279,000. Dalton Investments LLC raised its stake in Himax Technologies by 69.1% during the 2nd quarter. Dalton Investments LLC now owns 1,940,566 shares of the semiconductor company’s stock valued at $15,913,000 after purchasing an additional 792,968 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Himax Technologies during the 1st quarter valued at approximately $3,010,000. 21.70% of the stock is currently owned by institutional investors.
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.
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