Himax (NASDAQ:HIMX) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, April 16th.
Other research analysts have also recently issued research reports about the company. Robert W. Baird increased their price objective on Himax from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Roth Capital reissued a “neutral” rating on shares of Himax in a research note on Thursday, March 15th. ValuEngine cut Himax from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Nomura cut Himax from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $10.00 to $8.00 in a research note on Friday, March 9th. Finally, Zacks Investment Research cut Himax from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.79.
HIMX opened at $6.77 on Monday. The company has a market cap of $1,211.61, a PE ratio of 42.31, a price-to-earnings-growth ratio of 2.48 and a beta of 0.37. Himax has a one year low of $5.97 and a one year high of $13.95.
A number of institutional investors have recently bought and sold shares of the business. HBK Investments L P purchased a new stake in shares of Himax during the 4th quarter valued at $1,223,000. Two Sigma Securities LLC purchased a new stake in shares of Himax during the 4th quarter valued at $122,000. Two Sigma Advisers LP lifted its holdings in shares of Himax by 254.4% during the 4th quarter. Two Sigma Advisers LP now owns 149,200 shares of the semiconductor company’s stock valued at $1,555,000 after purchasing an additional 107,100 shares during the last quarter. QVT Financial LP purchased a new stake in shares of Himax during the 4th quarter valued at $5,038,000. Finally, Guggenheim Capital LLC purchased a new stake in shares of Himax during the 4th quarter valued at $884,000. Institutional investors own 33.23% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://stocknewstimes.com/2018/04/26/himax-himx-raised-to-hold-at-bidaskclub.html.
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.
Receive News & Ratings for Himax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax and related companies with MarketBeat.com's FREE daily email newsletter.