Himax Technologies’ (HIMX) Market Perform Rating Reaffirmed at Oppenheimer Holdings Inc.

Oppenheimer Holdings Inc. reissued their market perform rating on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a report released on Monday morning.

A number of other brokerages also recently commented on HIMX. Morgan Stanley raised Himax Technologies from an equal weight rating to an overweight rating and set a $11.50 price target for the company in a report on Monday, March 27th. Macquarie started coverage on Himax Technologies in a report on Monday, April 17th. They set an outperform rating and a $12.00 target price on the stock. Roth Capital raised Himax Technologies from a neutral rating to a buy rating in a report on Friday, March 17th. Robert W. Baird reaffirmed a neutral rating and set a $7.00 target price (up previously from $5.00) on shares of Himax Technologies in a report on Wednesday, March 15th. Finally, Mizuho raised Himax Technologies from a neutral rating to a buy rating in a report on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $8.86.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

Himax Technologies (NASDAQ:HIMX) traded up 2.080% during trading on Monday, hitting $6.625. 1,290,042 shares of the stock traded hands. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $10.95. The company has a market cap of $1.14 billion, a P/E ratio of 29.185 and a beta of 0.90. The company’s 50 day moving average price is $7.67 and its 200 day moving average price is $7.08.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, May 11th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $162.26 million. Himax Technologies had a net margin of 6.77% and a return on equity of 11.71%. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. On average, equities research analysts anticipate that Himax Technologies will post $0.05 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Dalton Investments LLC boosted its position in shares of Himax Technologies by 82.2% in the third quarter. Dalton Investments LLC now owns 458,421 shares of the semiconductor company’s stock valued at $3,938,000 after buying an additional 206,844 shares during the period. BlackRock Group LTD boosted its position in shares of Himax Technologies by 50.0% in the third quarter. BlackRock Group LTD now owns 272,696 shares of the semiconductor company’s stock valued at $2,343,000 after buying an additional 90,895 shares during the period. Profund Advisors LLC boosted its position in shares of Himax Technologies by 13.0% in the third quarter. Profund Advisors LLC now owns 66,040 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 7,620 shares during the period. Prince Street Capital Management LLC boosted its position 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, Bloom Tree Partners LLC boosted its position in shares of Himax Technologies by 560.8% in the third quarter. Bloom Tree Partners LLC now owns 908,014 shares of the semiconductor company’s stock valued at $7,800,000 after buying an additional 770,603 shares during the period. Hedge funds and other institutional investors own 38.30% of the company’s stock.

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.

5 Day Chart for NASDAQ:HIMX

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