Himax (HIMX) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of Himax (NASDAQ:HIMX) from a strong sell rating to a sell rating in a research note published on Tuesday.

Several other equities analysts have also recently issued reports on the company. Credit Suisse Group set a $15.00 price objective on Himax and gave the stock a buy rating in a research note on Thursday, January 11th. Lake Street Capital set a $13.00 price objective on Himax and gave the stock a buy rating in a research note on Thursday, December 28th. Zacks Investment Research cut Himax from a hold rating to a sell rating in a research note on Wednesday, January 10th. Roth Capital reduced their price objective on Himax from $15.00 to $12.00 and set a buy rating on the stock in a research note on Tuesday, February 13th. Finally, Northland Securities restated a buy rating on shares of Himax in a research note on Friday, March 2nd. Six analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $10.79.

Shares of HIMX opened at $7.33 on Tuesday. Himax has a 12-month low of $5.97 and a 12-month high of $13.95. The firm has a market cap of $1,239.15, a P/E ratio of 42.35, a PEG ratio of 2.54 and a beta of 0.37.



Himax (NASDAQ:HIMX) last announced its quarterly earnings data on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Himax had a return on equity of 6.41% and a net margin of 4.08%. The firm had revenue of $181.10 million for the quarter, compared to the consensus estimate of $184.30 million. During the same quarter last year, the business earned $0.03 earnings per share. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. analysts predict that Himax will post 0.11 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. HBK Investments L P bought a new stake in Himax in the fourth quarter valued at $1,223,000. Two Sigma Securities LLC bought a new stake in Himax in the fourth quarter valued at $122,000. Two Sigma Advisers LP increased its holdings in shares of Himax by 254.4% during the fourth 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 period. QVT Financial LP acquired a new position in shares of Himax during the fourth quarter valued at $5,038,000. Finally, Guggenheim Capital LLC acquired a new position in shares of Himax during the fourth quarter valued at $884,000. 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.

Analyst Recommendations for Himax (NASDAQ:HIMX)

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