Himax Technologies (HIMX) Receives a Hold from Northland Securities

By Carrie Williams

Northland Securities analyst Tim Savageaux maintained a Hold rating on Himax Technologies (HIMXResearch Report) today and set a price target of $3. The company’s shares closed yesterday at $3.51, close to its 52-week low of $3.03.

According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 4.3% and a 50.0% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.

Currently, the analyst consensus on Himax Technologies is a Hold with an average price target of $3.33, representing a -5.1% downside. In a report issued on April 25, Roth Capital also maintained a Hold rating on the stock with a $3 price target.

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Based on Himax Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $8.47 million. In comparison, last year the company had a GAAP net loss of $2.84 million.

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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.