Mizuho lowered shares of Himax Technologies, Inc. (NASDAQ:HIMX) from a buy rating to a neutral rating in a report issued on Wednesday morning.

HIMX has been the topic of a number of other reports. Zacks Investment Research upgraded Himax Technologies from a hold rating to a buy rating and set a $13.00 price target on the stock in a research note on Wednesday, October 4th. Macquarie restated an outperform rating and set a $12.20 price target (up from $11.00) on shares of Himax Technologies in a research note on Wednesday, September 6th. ValuEngine upgraded Himax Technologies from a sell rating to a hold rating in a research note on Friday, September 1st. Rosenblatt Securities cut Himax Technologies from a neutral rating to a sell rating and decreased their price target for the stock from $7.00 to $6.00 in a research note on Friday, July 21st. Finally, Robert W. Baird upgraded Himax Technologies from a neutral rating to an outperform rating and upped their price target for the stock from $6.00 to $10.00 in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $10.03.

Shares of Himax Technologies (NASDAQ:HIMX) traded down 2.61% during midday trading on Wednesday, hitting $9.33. The stock had a trading volume of 5,703,958 shares. Himax Technologies has a 52-week low of $4.88 and a 52-week high of $11.97. The firm’s 50 day moving average price is $10.25 and its 200 day moving average price is $8.53. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 85.60 and a beta of 0.79.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 77 shares in the last quarter. US Bancorp DE increased its stake in shares of Himax Technologies by 0.7% during the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after purchasing an additional 100 shares in the last quarter. Northern Trust Corp increased its stake in shares of Himax Technologies by 9.7% during the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,583 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 2,850 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Himax Technologies by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 3,320 shares in the last quarter. 21.70% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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