Himax Technologies (NASDAQ:HIMX) Given “Equal Weight” Rating at Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Himax Technologies (NASDAQ:HIMX) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a $8.00 target price on the semiconductor company’s stock.

Several other research analysts have also recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Himax Technologies in a report on Thursday, January 22nd. Zacks Research upgraded shares of Himax Technologies to a “hold” rating in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.00.

Himax Technologies Stock Performance

HIMX opened at $7.55 on Wednesday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 20.97 and a beta of 1.86. The business’s 50-day moving average price is $8.33 and its two-hundred day moving average price is $8.40. Himax Technologies has a 1 year low of $5.66 and a 1 year high of $11.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.60 and a quick ratio of 1.42.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter. Himax Technologies had a return on equity of 6.98% and a net margin of 7.18%.The business had revenue of $199.16 million during the quarter, compared to the consensus estimate of $186.22 million. During the same period last year, the company earned $0.07 earnings per share. Himax Technologies’s quarterly revenue was down 10.5% on a year-over-year basis.

Institutional Trading of Himax Technologies

Hedge funds have recently made changes to their positions in the business. Triumph Capital Management acquired a new position in shares of Himax Technologies during the 3rd quarter worth approximately $28,000. Advisory Services Network LLC bought a new stake in shares of Himax Technologies during the third quarter worth approximately $28,000. Ameriflex Group Inc. increased its stake in shares of Himax Technologies by 100.0% during the third quarter. Ameriflex Group Inc. now owns 3,600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 1,800 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Himax Technologies by 109.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,056 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 3,169 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Himax Technologies in the 2nd quarter valued at $55,000. 69.81% of the stock is owned by institutional investors and hedge funds.

About Himax Technologies

Himax Technologies, Inc (NASDAQ: HIMX) is a fabless semiconductor company specializing in display imaging technologies. The company designs and develops a comprehensive portfolio of display driver integrated circuits (DDICs), timing controllers, and other high-speed interface chips that enable high-resolution panels for a wide array of electronic devices. Himax’s solutions are tailored to support both LCD and OLED displays, ensuring compatibility with television sets, desktop monitors, laptops, tablets, smartphones and wearable devices.

In addition to core display driver products, Himax offers wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions for applications in augmented reality (AR) and virtual reality (VR) headsets.