Himax Technologies (HIMX) Price Target Lowered to $7.00 at Robert W. Baird
Himax Technologies (NASDAQ:HIMX) had its price target cut by research analysts at Robert W. Baird from $10.00 to $7.00 in a report released on Thursday, The Fly reports. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Robert W. Baird’s target price suggests a potential upside of 58.73% from the company’s current price.
Several other analysts also recently commented on HIMX. BidaskClub raised shares of Himax Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 17th. ValuEngine downgraded shares of Himax Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Cowen set a $7.00 target price on shares of Himax Technologies and gave the stock a “hold” rating in a report on Thursday, August 9th. Macquarie downgraded shares of Himax Technologies from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $12.00 to $6.00 in a report on Thursday, August 16th. Finally, Lake Street Capital set a $8.00 target price on shares of Himax Technologies and gave the stock a “buy” rating in a report on Tuesday, September 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $7.99.
Shares of HIMX stock opened at $4.41 on Thursday. The stock has a market cap of $932.80 million, a P/E ratio of 27.56, a P/E/G ratio of 32.52 and a beta of -0.27. Himax Technologies has a 52 week low of $4.32 and a 52 week high of $13.95.
A number of hedge funds and other institutional investors have recently bought and sold shares of HIMX. Guggenheim Capital LLC boosted its holdings in Himax Technologies by 114.9% in the 1st quarter. Guggenheim Capital LLC now owns 182,223 shares of the semiconductor company’s stock valued at $1,122,000 after purchasing an additional 97,417 shares during the period. SG Capital Management LLC bought a new stake in Himax Technologies in the 2nd quarter valued at about $6,190,000. Pendal Group Ltd bought a new stake in Himax Technologies in the 2nd quarter valued at about $4,812,000. Sheets Smith Wealth Management bought a new stake in Himax Technologies in the 2nd quarter valued at about $183,000. Finally, WESPAC Advisors SoCal LLC bought a new stake in Himax Technologies in the 2nd quarter valued at about $227,000. 22.92% of the stock is owned by hedge funds and other institutional investors.
About Himax Technologies
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.
Read More: Balance Sheet
Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.