Northland Securities Maintains Their Hold Rating on Himax Technologies (HIMX)

By Austin Angelo

Northland Securities analyst Tim Savageaux maintained a Hold rating on Himax Technologies (HIMXResearch Report) today and set a price target of $2.50. The company’s shares closed yesterday at $2.71, close to its 52-week low of $2.62.

Savageaux noted:

“We maintain our MP rating and lower our estimate and PT to reflect the reduced guide.”

According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 3.9% and a 51.7% 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.

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The company has a one-year high of $6.78 and a one-year low of $2.62. Currently, Himax Technologies has an average volume of 1.25M.

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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.