Himax Technologies, Inc. (HIMX) Receives Neutral Rating from Robert W. Baird
Robert W. Baird reaffirmed their neutral rating on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a report issued on Wednesday morning. They currently have a $7.00 price target on the semiconductor company’s stock, up from their prior price target of $5.00.
HIMX has been the topic of a number of other research reports. Zacks Investment Research upgraded Himax Technologies from a sell rating to a hold rating in a research report on Monday, February 20th. Oppenheimer Holdings Inc. restated a market perform rating on shares of Himax Technologies in a research report on Monday, February 20th. Nomura upgraded Himax Technologies from a neutral rating to a buy rating in a research report on Friday, February 17th. Northland Securities upgraded Himax Technologies from a market perform rating to an outperform rating and set a $10.00 price target on the stock in a research report on Thursday, February 16th. Finally, Morgan Stanley downgraded Himax Technologies from an equal weight rating to an underweight rating and set a $4.00 price target on the stock. in a research report on Monday, February 6th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $9.14.
Himax Technologies (NASDAQ:HIMX) opened at 7.49 on Wednesday. Himax Technologies has a one year low of $4.88 and a one year high of $10.95. The stock’s 50 day moving average price is $8.44 and its 200-day moving average price is $7.29. The firm 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 issued its quarterly earnings data on Thursday, February 16th. The semiconductor company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. Himax Technologies had a return on equity of 11.71% and a net margin of 6.77%. The business earned $203.40 million during the quarter, compared to analysts’ expectations of $202.60 million. During the same quarter last year, the business posted $0.04 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts expect that Himax Technologies will post $0.28 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the company. Prudential Financial Inc. bought a new stake in shares of Himax Technologies during the first quarter valued at approximately $112,000. Airain ltd bought a new stake in shares of Himax Technologies during the second quarter valued at approximately $115,000. Legal & General Group Plc bought a new stake in shares of Himax Technologies during the second quarter valued at approximately $123,000. Societe Generale bought a new stake in shares of Himax Technologies during the second quarter valued at approximately $139,000. Finally, SG Americas Securities LLC bought a new stake in shares of Himax Technologies during the second quarter valued at approximately $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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