Chardan Capital reaffirmed their buy rating on shares of Himax Technologies (NASDAQ:HIMX) in a report released on Friday, American Banking & Market News reports. Chardan Capital currently has a $12.00 price objective on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Capital Partners initiated coverage on shares of Himax Technologies (NASDAQ:HIMX) in a research note to investors on Wednesday, September 11th. They set an outperform rating and a $12.00 price target on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Himax Technologies (NASDAQ:HIMX) in a research note to investors on Wednesday, September 11th. They set an outperform rating and a $12.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Himax Technologies (NASDAQ:HIMX) from $9.00 to $12.00 in a research note to investors on Thursday, September 5th. They now have an outperform rating on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $10.01.
Himax Technologies (NASDAQ:HIMX) opened at 10.00 on Friday. Himax Technologies has a 52 week low of $1.77 and a 52 week high of $11.06. The stock’s 50-day moving average is $7.86 and its 200-day moving average is $6.4. The company has a market cap of $1.696 billion and a P/E ratio of 29.41.
Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, August 15th. The company reported $0.12 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.12. The company had revenue of $207.00 million for the quarter, compared to the consensus estimate of $208.60 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Himax Technologies will post $0.40 EPS for the current fiscal year.
Himax Technologies, Inc (NASDAQ:HIMX) is a holding company that operates through its wholly owned subsidiary, Himax Technologies Limited (Himax Taiwan).
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