Shares of Himax Technologies, Inc. (NASDAQ:HIMX) were down 7.1% on Monday . The company traded as low as $3.22 and last traded at $3.25. Approximately 1,671,926 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 1,628,073 shares. The stock had previously closed at $3.50.
A number of analysts recently weighed in on HIMX shares. Zacks Investment Research upgraded Himax Technologies from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Saturday, January 19th. BidaskClub downgraded Himax Technologies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 15th. Lake Street Capital downgraded Himax Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $7.00 to $4.00 in a research report on Friday, January 25th. Finally, Northland Securities restated a “hold” rating and issued a $3.00 target price on shares of Himax Technologies in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.22.
The stock has a market cap of $583.59 million, a price-to-earnings ratio of 56.83 and a beta of 0.04.
Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Himax Technologies had a return on equity of 2.36% and a net margin of 1.25%. The firm had revenue of $163.33 million during the quarter, compared to the consensus estimate of $157.95 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The business’s revenue was up .3% on a year-over-year basis. On average, equities analysts predict that Himax Technologies, Inc. will post -0.02 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. lifted its position in Himax Technologies by 201.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,007 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 6,024 shares during the last quarter. Comerica Bank bought a new stake in Himax Technologies in the fourth quarter valued at approximately $38,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in Himax Technologies in the fourth quarter valued at approximately $166,000. Marshall Wace North America L.P. bought a new stake in Himax Technologies in the third quarter valued at approximately $296,000. Finally, Virtu Financial LLC lifted its position in Himax Technologies by 227.3% in the fourth quarter. Virtu Financial LLC now owns 84,257 shares of the semiconductor company’s stock valued at $289,000 after purchasing an additional 58,512 shares during the last quarter. Hedge funds and other institutional investors own 13.05% 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.
Recommended Story: What is a Tariff?
Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.