Himax (NASDAQ:HIMX) shares rose 0.7% on Thursday . The stock traded as high as $7.48 and last traded at $7.15. Approximately 3,163,263 shares traded hands during trading, a decline of 24% from the average daily volume of 4,186,475 shares. The stock had previously closed at $7.20.
HIMX has been the topic of several research reports. BidaskClub downgraded shares of Himax from a “buy” rating to a “hold” rating in a report on Saturday, December 16th. Lake Street Capital set a $13.00 price objective on shares of Himax and gave the stock a “buy” rating in a report on Thursday, December 28th. Robert W. Baird upped their price objective on shares of Himax from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Himax from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Finally, Credit Suisse Group set a $15.00 price objective on shares of Himax and gave the stock a “buy” rating in a report on Thursday, January 11th. Six equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Himax currently has an average rating of “Hold” and a consensus price target of $10.79.
The firm has a market cap of $1,239.15, a P/E ratio of 44.75, a PEG ratio of 2.54 and a beta of 0.37.
Several hedge funds have recently made changes to their positions in HIMX. Northern Trust Corp raised its holdings in shares of Himax by 9.7% in the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after purchasing an additional 1,583 shares during the last quarter. State Street Corp raised its holdings in shares of Himax by 9.6% in the second quarter. State Street Corp now owns 125,071 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 10,969 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Himax by 50.0% in the third quarter. Bank of New York Mellon Corp now owns 66,029 shares of the semiconductor company’s stock valued at $722,000 after purchasing an additional 22,002 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Himax in the third quarter valued at about $232,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Himax in the third quarter valued at about $193,000. Institutional investors own 33.19% of the company’s stock.
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Himax Company Profile
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. 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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