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.

Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, November 8th. The semiconductor company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $188.40 million during the quarter, compared to the consensus estimate of $188.20 million. Himax Technologies had a net margin of 3.66% and a return on equity of 6.12%. Himax Technologies’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, analysts forecast that Himax Technologies will post 0.01 earnings per share for the current fiscal year.

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.

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The Fly

Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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