Himax Technologies (NASDAQ:HIMX) Downgraded to "Sell" at StockNews.com – MarketBeat
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Himax Technologies (NASDAQ:HIMX – Get Rating) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
A number of other equities research analysts have also commented on the stock. TheStreet lowered shares of Himax Technologies from a “b-” rating to a “c+” rating in a report on Tuesday, September 13th. Credit Suisse Group lowered shares of Himax Technologies from an “outperform” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, Himax Technologies presently has an average rating of “Hold” and an average target price of $9.67.
Himax Technologies Trading Up 7.0 %
Shares of HIMX traded up $0.46 during mid-day trading on Friday, reaching $7.07. The company’s stock had a trading volume of 1,857,193 shares, compared to its average volume of 2,699,158. The stock has a market cap of $1.23 billion, a PE ratio of 2.76 and a beta of 1.91. The company has a current ratio of 1.78, a quick ratio of 1.35 and a debt-to-equity ratio of 0.05. Himax Technologies has a 52 week low of $4.81 and a 52 week high of $16.50. The company’s fifty day moving average price is $5.59 and its two-hundred day moving average price is $7.14.
Himax Technologies (NASDAQ:HIMX – Get Rating) last posted its quarterly earnings results on Thursday, August 11th. The semiconductor company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Himax Technologies had a net margin of 28.01% and a return on equity of 54.69%. The company had revenue of $312.61 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its position in Himax Technologies by 42.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,014,668 shares of the semiconductor company’s stock valued at $43,599,000 after purchasing an additional 1,203,057 shares during the period. CapWealth Advisors LLC increased its position in Himax Technologies by 5.3% during the 3rd quarter. CapWealth Advisors LLC now owns 1,278,262 shares of the semiconductor company’s stock valued at $6,187,000 after purchasing an additional 64,733 shares during the period. Renaissance Technologies LLC increased its position in Himax Technologies by 268.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,035,161 shares of the semiconductor company’s stock valued at $11,242,000 after purchasing an additional 754,583 shares during the period. State Street Corp increased its position in Himax Technologies by 12.5% during the 1st quarter. State Street Corp now owns 959,638 shares of the semiconductor company’s stock valued at $10,422,000 after purchasing an additional 106,648 shares during the period. Finally, Credit Suisse AG increased its position in Himax Technologies by 102.0% during the 3rd quarter. Credit Suisse AG now owns 715,001 shares of the semiconductor company’s stock valued at $3,461,000 after purchasing an additional 361,097 shares during the period. 17.47% of the stock is owned by hedge funds and other institutional investors.
About Himax Technologies
(Get Rating)
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.
See Also
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