Himax Technologies (NASDAQ:HIMX) has been given a $7.00 price target by investment analysts at Cowen in a report released on Thursday. The firm presently has a “hold” rating on the semiconductor company’s stock. Cowen’s price target would indicate a potential upside of 5.74% from the company’s previous close.

A number of other analysts have also recently weighed in on HIMX. BidaskClub raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Monday, April 16th. Zacks Investment Research raised shares of Himax Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 2nd. ValuEngine raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 4th. Finally, Lake Street Capital set a $13.00 target price on shares of Himax Technologies and gave the stock a “buy” rating in a report on Thursday, June 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.39.

Shares of NASDAQ:HIMX opened at $6.62 on Thursday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 41.38 and a beta of -0.15. Himax Technologies has a 1-year low of $5.97 and a 1-year high of $13.95.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, August 9th. The semiconductor company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The company had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $181.78 million. Himax Technologies had a net margin of 3.43% and a return on equity of 5.53%. Himax Technologies’s revenue for the quarter was up 19.6% compared to the same quarter last year. sell-side analysts anticipate that Himax Technologies will post -0.01 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Bloom Tree Partners LLC acquired a new stake in shares of Himax Technologies in the 1st quarter worth about $14,780,000. OppenheimerFunds Inc. increased its holdings in shares of Himax Technologies by 6.8% in the 1st quarter. OppenheimerFunds Inc. now owns 930,056 shares of the semiconductor company’s stock worth $5,729,000 after acquiring an additional 59,247 shares during the period. SG Capital Management LLC acquired a new stake in shares of Himax Technologies in the 2nd quarter worth about $6,190,000. Pendal Group Ltd acquired a new stake in shares of Himax Technologies in the 2nd quarter worth about $4,812,000. Finally, Deutsche Bank AG increased its holdings in shares of Himax Technologies by 10.4% in the 4th quarter. Deutsche Bank AG now owns 449,430 shares of the semiconductor company’s stock worth $4,683,000 after acquiring an additional 42,430 shares during the period. 24.87% of the stock is currently owned by institutional investors and hedge funds.

Himax Technologies Company Profile

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.

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Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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