Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price reached a new 52-week high during trading on Thursday after Roth Capital upgraded the stock from a neutral rating to a buy rating. Roth Capital now has a price target on the stock, up from their previous price target of . Himax Technologies traded as high as $5.05 and last traded at $4.85, with a volume of 66145 shares traded. The stock had previously closed at $4.69.
Other equities analysts also recently issued research reports about the company. Credit Suisse Group upgraded Himax Technologies from an “underperform” rating to a “neutral” rating and set a $3.00 price objective on the stock in a report on Sunday, January 5th. Zacks Investment Research upgraded Himax Technologies from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective on the stock in a report on Monday, January 13th. ValuEngine downgraded Himax Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 18th. Lake Street Capital increased their price objective on Himax Technologies from $5.00 to $6.50 and gave the stock a “buy” rating in a report on Thursday. Finally, BidaskClub upgraded Himax Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $4.65.
Large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its position in Himax Technologies by 111.5% during the second quarter. Morgan Stanley now owns 1,233,797 shares of the semiconductor company’s stock worth $4,294,000 after purchasing an additional 650,517 shares during the period. Virtu Financial LLC boosted its position in Himax Technologies by 24.1% during the third quarter. Virtu Financial LLC now owns 95,941 shares of the semiconductor company’s stock worth $218,000 after purchasing an additional 18,625 shares during the period. California Public Employees Retirement System boosted its position in Himax Technologies by 13.2% during the third quarter. California Public Employees Retirement System now owns 310,000 shares of the semiconductor company’s stock worth $704,000 after purchasing an additional 36,100 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Himax Technologies during the second quarter worth approximately $53,000. Finally, Stifel Financial Corp boosted its position in Himax Technologies by 6.0% during the third quarter. Stifel Financial Corp now owns 930,576 shares of the semiconductor company’s stock worth $2,115,000 after purchasing an additional 52,816 shares during the period. Hedge funds and other institutional investors own 6.63% of the company’s stock.
The stock has a market cap of $833.18 million, a P/E ratio of -161.33 and a beta of 0.29. The business has a 50-day simple moving average of $3.77 and a 200-day simple moving average of $2.71.
Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, February 13th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $174.90 million during the quarter, compared to analysts’ expectations of $174.90 million. Himax Technologies had a negative return on equity of 1.15% and a negative net margin of 0.90%. The company’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. As a group, equities analysts predict that Himax Technologies, Inc. will post -0.11 EPS for the current year.
About Himax Technologies (NASDAQ:HIMX)
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
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