Morgan Stanley Upgrades Himax Technologies to Hold

By Ryan Adsit

Himax Technologies (NASDAQ: HIMX) received a Hold rating from Morgan Stanley analyst Charlie Chan today. The company’s shares opened today at $7.74.

According to TipRanks.com, Chan is ranked #3770 out of 4515 analysts.

Himax Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $7.

The company has a one year high of $12 and a one year low of $4.88. Currently, Himax Technologies has an average volume of 4.87M.

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Himax Technologies, Inc. engages in the development and trade of semiconductors. It operates through the Driver Integrated Circuit and Non-Driver Products segments. Its product include display drivers, timing controllers, wafer level optics, video and display technology solutions, liquid crystal over silicon silicon, complementary metal-oxide semiconductor image sensor, and power integrated circuit. The company was founded by Biing Seng Wu and Jordan Wu on June 12, 2001 and is headquartered in Tainan, Taiwan.