Himax Technologies (NASDAQ:HIMX) Price Target Lowered to $13.80 at Credit Suisse Group

Himax Technologies (NASDAQ:HIMXGet Rating) had its target price lowered by Credit Suisse Group from $18.00 to $13.80 in a research note released on Monday morning, The Fly reports.

A number of other brokerages also recently issued reports on HIMX. Nomura downgraded shares of Himax Technologies from a buy rating to a neutral rating and set a $11.00 price target on the stock. in a report on Thursday, April 7th. Nomura Instinet restated a neutral rating and issued a $11.00 target price on shares of Himax Technologies in a report on Thursday, April 7th. Finally, StockNews.com assumed coverage on shares of Himax Technologies in a research note on Thursday, March 31st. They set a hold rating for the company.

Shares of NASDAQ HIMX opened at $9.41 on Monday. The company has a 50 day moving average of $10.00 and a 200 day moving average of $10.88. The company has a quick ratio of 1.65, a current ratio of 1.98 and a debt-to-equity ratio of 0.05. Himax Technologies has a twelve month low of $7.30 and a twelve month high of $17.30. The firm has a market cap of $1.64 billion, a P/E ratio of 3.38 and a beta of 2.01.

Himax Technologies (NASDAQ:HIMXGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. The firm had revenue of $451.90 million during the quarter. Himax Technologies had a return on equity of 67.77% and a net margin of 29.43%.

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in shares of Himax Technologies by 268.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,035,161 shares of the semiconductor company’s stock worth $11,242,000 after acquiring an additional 754,583 shares during the last quarter. Lazard Asset Management LLC raised its holdings in Himax Technologies by 42.8% in the 1st quarter. Lazard Asset Management LLC now owns 4,014,668 shares of the semiconductor company’s stock worth $43,599,000 after purchasing an additional 1,203,057 shares during the period. Employees Retirement System of Texas lifted its position in Himax Technologies by 81.5% during the first quarter. Employees Retirement System of Texas now owns 43,115 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 19,356 shares in the last quarter. First Trust Advisors LP grew its holdings in Himax Technologies by 31.3% during the first quarter. First Trust Advisors LP now owns 131,186 shares of the semiconductor company’s stock valued at $1,425,000 after purchasing an additional 31,292 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Himax Technologies by 46.5% during the first quarter. Allianz Asset Management GmbH now owns 21,222 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 6,732 shares during the period. 26.96% of the stock is owned by institutional investors and hedge funds.

About Himax Technologies (Get Rating)

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.

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