Himax Technologies (NASDAQ:HIMX) Stock Upgrade
Professional analysts at Northland Capital’s equity division increased the rating on shares of Himax Technologies (NASDAQ:HIMX) from a Market Perform to a Outperform earlier today. The analysts now have a $10.00 TP on HIMX or a 27.55% upside.
From a total of 11 analysts covering Himax Tech (NASDAQ:HIMX) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $10 while the lowest target price is $4.5. The mean of all analyst targets is $7.76 with a 8.28% above today’s ($7.85) stock price. Himax Tech was the topic of 7 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley initiated shares on November 23 with “Overweight” rating. Chardan Capital Markets maintained shares with “Buy” rating and $10.0 target share price in a report from an August 10. Northland Capital maintained HIMX stock in a recent report from November 12 with “Market Perform” rating. Finally, Credit Suisse upgraded the stock to “Neutral” rating in a report issued on an August 28.
Approximately 2.66M shares of stock traded hands or 20.36% up from the average. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has risen 21.41% since April 30, 2015 and is uptrending. It has outperformed by 21.69% the S&P500.
Himax Technologies, Inc. is a fabless semiconductor solution provider. The company has a market cap of $1.27 billion. The Firm is engaged in display driver integrated circuits and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. It has 53.4 P/E ratio. The Firm operates through two divisions: Driver IC and Non-driver products.
According to Zacks Investment Research, “Himax Technologies, Inc. designs, develops and markets semiconductors that are critical components of flat panel displays. The Company’s principal products are display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers and televisions, and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products such as digital cameras, mobile gaming devices and car navigation displays. In addition, the Company is expanding its product offering to include LCD TV chipset solutions and LCOS microdisplays.” Get a free copy of the Zacks research report on Himax Technologies, Inc. (ADR) (HIMX).