Today Roth Capital Reiterates a Buy Rating on Himax Technologies (NASDAQ:HIMX) and a $15.0 Target Price

March 14, 2018 - By Henry Gaston

 Today Roth Capital Reiterates a Buy Rating on Himax Technologies (NASDAQ:HIMX) and a $15.0 Target Price

Himax Technologies (NASDAQ:HIMX) Rating Reaffirmed

In a research report shared with investors and clients this morning, Roth Capital kept their Buy rating on Himax Technologies (NASDAQ:HIMX) shares. The target means a possible upside of 102.98 % from firm’s current stock price.

Himax Technologies, Inc. (NASDAQ:HIMX) Ratings Coverage

Among 12 analysts covering Himax Tech (NASDAQ:HIMX), 6 have Buy rating, 2 Sell and 4 Hold. Therefore 50% are positive. Himax Tech has $18.0 highest and $4.0 lowest target. $9.15’s average target is 23.82% above currents $7.39 stock price. Himax Tech had 53 analyst reports since August 10, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of HIMX in report on Thursday, September 7 with “Sell” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, November 27. Credit Suisse maintained Himax Technologies, Inc. (NASDAQ:HIMX) on Wednesday, March 23 with “Outperform” rating. Rosenblatt downgraded Himax Technologies, Inc. (NASDAQ:HIMX) on Friday, July 21 to “Sell” rating. Morgan Stanley initiated the stock with “Overweight” rating in Monday, November 23 report. The company was initiated on Friday, November 13 by Robert W. Baird. The stock of Himax Technologies, Inc. (NASDAQ:HIMX) earned “Buy” rating by Roth Capital on Tuesday, February 13. As per Wednesday, February 14, the company rating was maintained by Oppenheimer. Northland Capital downgraded Himax Technologies, Inc. (NASDAQ:HIMX) on Wednesday, October 21 to “Market Perform” rating. Northland Capital downgraded the shares of HIMX in report on Friday, March 9 to “Hold” rating.

The stock increased 2.21% or $0.16 during the last trading session, reaching $7.39. About 3.50M shares traded. Himax Technologies, Inc. (NASDAQ:HIMX) has declined 20.28% since March 14, 2017 and is downtrending. It has underperformed by 36.98% the S&P500.

Analysts await Himax Technologies, Inc. (NASDAQ:HIMX) to report earnings on May, 10. They expect $-0.02 EPS, down 300.00 % or $0.03 from last year’s $0.01 per share. After $0.14 actual EPS reported by Himax Technologies, Inc. for the previous quarter, Wall Street now forecasts -114.29 % negative EPS growth.

Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company has market cap of $1.27 billion. The firm operates through Driver IC and Non-Driver Products divisions. It has a 45.62 P/E ratio. It offers display driver integrated circuits and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.

More notable recent Himax Technologies, Inc. (NASDAQ:HIMX) news were published by: which released: “Himax Technologies Inc. ADR HIMX (US: Nasdaq)” on February 12, 2011, also with their article: “Himax Technologies, Inc. Appoints JPMorgan Chase Bank as New American …” published on July 19, 2017, published: “Better Buy: Himax Technologies, Inc. vs. Qualcomm Inc.” on March 21, 2017. More interesting news about Himax Technologies, Inc. (NASDAQ:HIMX) were released by: and their article: “Why Himax Technologies Inc. (ADR) Stock Plunged Today” published on May 12, 2016 as well as‘s news article titled: “Himax Technologies Inc. ADR” with publication date: October 07, 2010.

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