Himax Technologies (HIMX) Hits New 1-Year Low at $3.96

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $3.96 and last traded at $4.07, with a volume of 41858 shares traded. The stock had previously closed at $4.13.

Several equities analysts have recently weighed in on the company. BidaskClub cut Himax Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Roth Capital reiterated a “neutral” rating and set a $4.00 price objective (down previously from $7.00) on shares of Himax Technologies in a report on Tuesday. Lake Street Capital set a $8.00 price objective on Himax Technologies and gave the company a “buy” rating in a report on Tuesday, September 25th. Cowen set a $7.00 price objective on Himax Technologies and gave the company a “hold” rating in a report on Thursday, August 9th. Finally, ValuEngine cut Himax Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.09.

The firm has a market cap of $769.30 million, a price-to-earnings ratio of 24.88, a PEG ratio of 6.70 and a beta of -0.27.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, November 8th. The semiconductor company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Himax Technologies had a return on equity of 5.56% and a net margin of 3.31%. The business had revenue of $188.40 million for the quarter, compared to analysts’ expectations of $188.20 million. During the same quarter in the previous year, the business posted $0.05 EPS. Himax Technologies’s revenue for the quarter was down 4.4% on a year-over-year basis. Sell-side analysts expect that Himax Technologies, Inc. will post 0.03 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Stevens Capital Management LP acquired a new stake in Himax Technologies in the 3rd quarter valued at approximately $100,000. Stelac Advisory Services LLC acquired a new stake in Himax Technologies in the 3rd quarter valued at approximately $110,000. Russell Investments Group Ltd. acquired a new stake in Himax Technologies in the 2nd quarter valued at approximately $153,000. Sheets Smith Wealth Management acquired a new stake in Himax Technologies in the 2nd quarter valued at approximately $183,000. Finally, Engineers Gate Manager LP acquired a new stake in Himax Technologies in the 2nd quarter valued at approximately $201,000. 20.66% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/11/21/himax-technologies-himx-hits-new-1-year-low-at-3-96.html.

Himax Technologies Company Profile (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.

Read More: How to Use the New Google Finance Tool

Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply