BidaskClub upgraded shares of Himax (NASDAQ:HIMX) from a sell rating to a hold rating in a report released on Monday morning.

A number of other equities analysts also recently commented on the company. Credit Suisse Group set a $15.00 target price on Himax and gave the company a buy rating in a report on Thursday, January 11th. Lake Street Capital set a $13.00 target price on Himax and gave the company a buy rating in a report on Thursday, December 28th. Zacks Investment Research downgraded Himax from a hold rating to a sell rating in a report on Wednesday, January 10th. Roth Capital decreased their price objective on Himax from $15.00 to $12.00 and set a buy rating for the company in a report on Tuesday, February 13th. Finally, Northland Securities reiterated a buy rating on shares of Himax in a report on Friday, March 2nd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $10.79.

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NASDAQ:HIMX opened at $7.24 on Monday. The company has a market cap of $1,232.27, a PE ratio of 45.25, a P/E/G ratio of 2.53 and a beta of 0.38. Himax has a fifty-two week low of $5.97 and a fifty-two week high of $13.95.

Himax (NASDAQ:HIMX) last announced its earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $181.10 million for the quarter, compared to the consensus estimate of $184.30 million. Himax had a net margin of 4.08% and a return on equity of 6.41%. Himax’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 EPS. sell-side analysts forecast that Himax will post 0.11 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Aperio Group LLC bought a new position in Himax in the fourth quarter worth $107,000. Two Sigma Securities LLC bought a new position in shares of Himax during the fourth quarter valued at $122,000. Aviance Capital Management LLC increased its holdings in shares of Himax by 1,502.5% during the fourth quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 13,598 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Himax during the third quarter valued at $193,000. Finally, Northern Trust Corp increased its holdings in shares of Himax by 9.7% during the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 1,583 shares in the last quarter. Institutional investors and hedge funds own 33.18% of the company’s stock.

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Himax Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. 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.

Analyst Recommendations for Himax (NASDAQ:HIMX)

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