Himax Technologies’ (HIMX) Outperform Rating Reiterated at Northland Securities
Himax Technologies, Inc. (NASDAQ:HIMX)‘s stock had its “outperform” rating reiterated by equities research analysts at Northland Securities in a report released on Thursday. They presently have a $15.00 price objective on the semiconductor company’s stock, up from their prior price objective of $12.00. Northland Securities’ price target indicates a potential upside of 44.09% from the stock’s current price.
A number of other research firms also recently weighed in on HIMX. BidaskClub upgraded Himax Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and set a $4.00 target price (down previously from $8.00) on shares of Himax Technologies in a report on Friday, July 14th. Zacks Investment Research downgraded Himax Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 19th. CIBC reiterated an “underperform” rating and set a $4.00 target price on shares of Himax Technologies in a report on Friday, July 14th. Finally, Macquarie reiterated an “outperform” rating and set a $10.30 target price on shares of Himax Technologies in a report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Himax Technologies presently has an average rating of “Hold” and a consensus price target of $9.03.
Shares of Himax Technologies (HIMX) traded up 0.394% on Thursday, reaching $10.451. The company’s stock had a trading volume of 1,997,099 shares. Himax Technologies has a 12-month low of $4.88 and a 12-month high of $11.97.
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Large investors have recently bought and sold shares of the company. Fort Point Capital Partners LLC purchased a new stake in shares of Himax Technologies in the 1st quarter worth $296,000. Asset Management One Co. Ltd. purchased a new stake in Himax Technologies in the 1st quarter worth $432,000. Canada Pension Plan Investment Board increased its stake in Himax Technologies by 2,325.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 208,600 shares of the semiconductor company’s stock worth $1,902,000 after buying an additional 200,000 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in Himax Technologies in the 1st quarter worth $175,000. Finally, Great West Life Assurance Co. Can purchased a new stake in Himax Technologies in the 1st quarter worth $750,000. Hedge funds and other institutional investors own 21.74% 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.
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