Vetr Lowers Himax Technologies (HIMX) to Buy

Vetr cut shares of Himax Technologies (NASDAQ:HIMX) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning. They currently have $14.98 price objective on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on HIMX. BidaskClub upgraded Himax Technologies from a hold rating to a buy rating in a report on Friday, August 25th. ValuEngine upgraded Himax Technologies from a sell rating to a hold rating in a report on Friday, September 1st. Roth Capital restated a buy rating and issued a $10.00 target price on shares of Himax Technologies in a report on Tuesday, September 5th. Macquarie restated an outperform rating and issued a $12.20 target price (up from $11.00) on shares of Himax Technologies in a report on Wednesday, September 6th. Finally, Oppenheimer restated a sell rating and issued a $4.00 target price on shares of Himax Technologies in a report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average price target of $10.24.

Himax Technologies (NASDAQ HIMX) opened at $11.99 on Monday. The stock has a market capitalization of $2,235.63, a price-to-earnings ratio of 216.50, a P/E/G ratio of 3.12 and a beta of 0.85. Himax Technologies has a 1-year low of $4.88 and a 1-year high of $13.95.

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Investment Counsel Inc acquired a new stake in shares of Himax Technologies in the second quarter worth about $109,000. Stifel Financial Corp acquired a new stake in shares of Himax Technologies in the second quarter worth about $126,000. Bank of New York Mellon Corp lifted its position in shares of Himax Technologies by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after buying an additional 77 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Himax Technologies by 19.7% in the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after buying an additional 2,850 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Himax Technologies in the second quarter worth about $145,000. Hedge funds and other institutional investors own 26.90% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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