Himax Tech (NASDAQ:HIMX) Rating Reaffirmed
Himax Tech (NASDAQ:HIMX) just had their share rating of a ‘Buy’ issued by research analysts at Topeka Capital Markets, who now has a $10.0 price target on the $1.36B market cap company or a 24.22% upside potential. This key information was released in a recent research report on Friday morning.
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 $8.07 with a 13.04% above today’s ($8.05) stock price. Himax Tech was the topic of 8 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Northland Capital upgraded shares on December 3 to “Outperform” rating. Chardan Capital Markets maintained shares with “Buy” rating and $10.0 target share price in a report from an August 10. Robert W. Baird initiated HIMX stock in a recent report from November 13 with “Outperform” rating. Finally, Credit Suisse upgraded the stock to “Neutral” rating in a report issued on an August 28.
The stock increased 2.03% or $0.16 on December 10, striking $8.05. Approximately shares of stock traded hands. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has risen 33.06% since May 8, 2015 and is uptrending. It has outperformed by 36.08% the S&P500.
Himax Technologies, Inc. is a fabless semiconductor solution provider. The company has a market cap of $1.36 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 54.76 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).