Himax Technologies (NASDAQ:HIMX) Lifted to “Hold” at StockNews.com

Himax Technologies (NASDAQ:HIMXGet Rating) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, TheStreet downgraded Himax Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, September 13th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, Himax Technologies has a consensus rating of “Hold” and a consensus price target of $9.67.

Himax Technologies Stock Down 3.1 %

Shares of NASDAQ:HIMX opened at $6.87 on Friday. Himax Technologies has a 52-week low of $4.81 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.31 and a current ratio of 1.86. The firm has a market capitalization of $1.20 billion, a P/E ratio of 3.56 and a beta of 1.91. The stock has a 50 day moving average price of $5.72 and a 200-day moving average price of $7.07.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Himax Technologies in the first quarter worth approximately $189,000. CapWealth Advisors LLC purchased a new stake in Himax Technologies during the 1st quarter worth about $7,704,000. Envestnet Asset Management Inc. boosted its position in shares of Himax Technologies by 49.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 193,867 shares of the semiconductor company’s stock worth $2,105,000 after acquiring an additional 64,226 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Himax Technologies by 65.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 26,215 shares of the semiconductor company’s stock worth $284,000 after acquiring an additional 10,328 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Himax Technologies by 22.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 65,791 shares of the semiconductor company’s stock valued at $738,000 after purchasing an additional 11,928 shares during the period. 17.47% of the stock is currently owned by hedge funds and other institutional investors.

Himax Technologies Company Profile

(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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