Himax Technologies (NASDAQ:HIMX) Stock Price Up 5.4%

Himax Technologies, Inc. (NASDAQ:HIMX) shares rose 5.4% during trading on Tuesday . The company traded as high as $2.74 and last traded at $2.73, approximately 1,184,300 shares were traded during trading. A decline of 11% from the average daily volume of 1,333,243 shares. The stock had previously closed at $2.59.

HIMX has been the topic of a number of research analyst reports. Lake Street Capital lowered their price objective on shares of Himax Technologies from $3.00 to $2.50 and set a “hold” rating on the stock in a research report on Tuesday, September 17th. ValuEngine downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating in a research report on Sunday. BidaskClub raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. TheStreet downgraded shares of Himax Technologies from a “c-” rating to a “d” rating in a research report on Friday. Finally, Northland Securities reaffirmed a “hold” rating and set a $2.25 price objective on shares of Himax Technologies in a research report on Friday. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. Himax Technologies has a consensus rating of “Hold” and a consensus price target of $3.06.

The stock’s 50-day moving average is $2.37 and its 200 day moving average is $2.79. The stock has a market capitalization of $430.36 million, a PE ratio of 45.50 and a beta of 0.23.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, November 7th. The semiconductor company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. Himax Technologies had a negative net margin of 0.90% and a negative return on equity of 1.15%. The firm had revenue of $164.30 million for the quarter, compared to the consensus estimate of $159.68 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The firm’s revenue was down 12.8% on a year-over-year basis. As a group, sell-side analysts forecast that Himax Technologies, Inc. will post -0.17 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System lifted its stake in Himax Technologies by 13.2% in the third quarter. California Public Employees Retirement System now owns 310,000 shares of the semiconductor company’s stock valued at $704,000 after acquiring an additional 36,100 shares during the last quarter. TRUE Private Wealth Advisors lifted its stake in Himax Technologies by 142.9% in the third quarter. TRUE Private Wealth Advisors now owns 18,700 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 11,000 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Himax Technologies in the second quarter valued at approximately $414,000. Cubist Systematic Strategies LLC acquired a new stake in Himax Technologies in the second quarter valued at approximately $53,000. Finally, Point72 Asset Management L.P. acquired a new stake in Himax Technologies in the second quarter valued at approximately $720,000. Hedge funds and other institutional investors own 8.93% of the company’s stock.

Himax Technologies Company Profile (NASDAQ:HIMX)

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. 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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