Himax Technologies, Inc. (HIMX) Trading Up 11.1%
Himax Technologies, Inc. (NASDAQ:HIMX)’s share price was up 11.1% on Wednesday . The stock traded as high as $13.42 and last traded at $13.10. Approximately 14,854,200 shares were traded during trading, an increase of 187% from the average daily volume of 5,179,043 shares. The stock had previously closed at $11.79.
Several equities analysts have weighed in on HIMX shares. Zacks Investment Research cut Himax Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Robert W. Baird upgraded Himax Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $6.00 to $10.00 in a research note on Friday, August 4th. Credit Suisse Group upgraded Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Friday, August 4th. Northland Securities restated a “buy” rating and set a $12.00 price objective on shares of Himax Technologies in a research note on Friday, August 4th. Finally, BidaskClub upgraded Himax Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.13.
The company has a market cap of $2,242.51, a PE ratio of 217.17, a PEG ratio of 3.13 and a beta of 0.69.
Several institutional investors have recently made changes to their positions in HIMX. Capital Investment Counsel Inc purchased a new stake in Himax Technologies in the 2nd quarter worth about $109,000. Stifel Financial Corp purchased a new stake in Himax Technologies in the 2nd quarter worth about $126,000. Bank of New York Mellon Corp increased its holdings in Himax Technologies by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 77 shares during the last quarter. Private Advisor Group LLC increased its holdings in Himax Technologies by 19.7% in the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 2,850 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Himax Technologies in the 2nd quarter worth about $145,000. 21.86% of the stock is owned by hedge funds and other institutional investors.
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Himax Technologies Company Profile
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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