Himax Technologies (NASDAQ:HIMX)‘s stock had its “neutral” rating reiterated by analysts at Roth Capital in a research note issued on Tuesday. They presently have a $4.00 target price on the semiconductor company’s stock, down from their previous target price of $7.00. Roth Capital’s price target points to a potential upside of 0.50% from the company’s current price.

HIMX has been the subject of several other reports. Macquarie cut shares of Himax Technologies from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $12.00 to $6.00 in a research note on Thursday, August 16th. ValuEngine cut shares of Himax Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Cowen set a $7.00 target price on shares of Himax Technologies and gave the company a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research cut shares of Himax Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 15th. Finally, BidaskClub cut shares of Himax Technologies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.09.

Shares of HIMX traded down $0.15 during mid-day trading on Tuesday, hitting $3.98. 2,758,129 shares of the company’s stock were exchanged, compared to its average volume of 2,788,611. The stock has a market capitalization of $769.30 million, a P/E ratio of 24.88, a P/E/G ratio of 6.70 and a beta of -0.27. Himax Technologies has a 52 week low of $3.94 and a 52 week high of $13.95.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, November 8th. The semiconductor company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Himax Technologies had a net margin of 3.31% and a return on equity of 5.56%. The company had revenue of $188.40 million during the quarter, compared to analysts’ expectations of $188.20 million. During the same period last year, the business earned $0.05 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. Equities research analysts forecast that Himax Technologies will post 0.03 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Luminus Management LLC acquired a new stake in Himax Technologies during the 3rd quarter valued at $5,880,000. Hsbc Holdings PLC acquired a new stake in Himax Technologies during the 3rd quarter valued at $229,000. Stevens Capital Management LP acquired a new stake in Himax Technologies during the 3rd quarter valued at $100,000. Stelac Advisory Services LLC acquired a new stake in Himax Technologies during the 3rd quarter valued at $110,000. Finally, FNY Investment Advisers LLC acquired a new stake in Himax Technologies during the 3rd quarter valued at $676,000. 20.66% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Himax Technologies (NASDAQ:HIMX)

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