Himax Technologies (NASDAQ:HIMX) Cut to Hold at StockNews.com

StockNews.com cut shares of Himax Technologies (NASDAQ:HIMX) from a buy rating to a hold rating in a research note released on Friday.

Separately, Robert W. Baird boosted their target price on shares of Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

Himax Technologies Trading Up 2.7 %

Shares of NASDAQ HIMX opened at $9.75 on Friday. Himax Technologies has a 1-year low of $4.80 and a 1-year high of $13.91. The company has a market cap of $1.70 billion, a PE ratio of 21.67 and a beta of 2.13. The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $9.43 and a two-hundred day moving average of $7.24.

Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, February 13th. The semiconductor company reported $0.14 earnings per share for the quarter. Himax Technologies had a net margin of 8.80% and a return on equity of 9.09%. The company had revenue of $237.22 million during the quarter.

Himax Technologies announced that its board has authorized a share buyback program on Wednesday, December 4th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the semiconductor company to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Himax Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its stake in shares of Himax Technologies by 38.8% during the fourth quarter. Barclays PLC now owns 4,248 shares of the semiconductor company’s stock worth $34,000 after buying an additional 1,187 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Himax Technologies by 0.3% during the fourth quarter. Stifel Financial Corp now owns 471,801 shares of the semiconductor company’s stock worth $3,793,000 after buying an additional 1,275 shares during the last quarter. Northern Trust Corp raised its stake in shares of Himax Technologies by 19.3% during the fourth quarter. Northern Trust Corp now owns 17,439 shares of the semiconductor company’s stock worth $140,000 after buying an additional 2,823 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Himax Technologies during the fourth quarter worth approximately $28,000. Finally, Signaturefd LLC raised its stake in shares of Himax Technologies by 34.8% during the fourth quarter. Signaturefd LLC now owns 13,437 shares of the semiconductor company’s stock worth $108,000 after buying an additional 3,468 shares during the last quarter. 69.81% of the stock is owned by institutional investors.

Himax Technologies Company Profile

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 in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.