Himax Technologies, Inc. (HIMX) Position Lowered by California Public Employees Retirement System

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, May 11th. As per Friday, August 28, the company rating was upgraded by Credit Suisse.

While looking at the Stock's Performance, Himax Technologies, Inc. now shows a Weekly Performance of 1.51%, where Monthly Performance is 0.62%, Quarterly performance is -6.48%, 6 Months performance is 33.11% and yearly performance percentage is -10.22%. On average, equities research analysts anticipate that Himax Technologies will post $0.10 earnings per share for the current fiscal year. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has declined 20.28% since July 14, 2016 and is downtrending. The current consensus analyst recommendation is sitting at 2.50 on company shares. For the next 5 years, Himax Technologies, Inc.is expecting Growth of 25% per annum, whereas in the past 5 years the growth was -17.49% per annum. For the current year the company's revenue estimates are $679.37 Million compared to low analyst estimates of $614.9 Million and high estimates of $760.2 Million according to the prediction of 9 analysts. During the same quarter in the previous year, the company earned $0.08 EPS. The business's revenue for the quarter was down 13.9% on a year-over-year basis. Himax Tech had 24 analyst reports since August 10, 2015 according to SRatingsIntel. Oppenheimer Holdings, Inc. restated a "market perform" rating on shares of Himax Technologies in a research report on Wednesday, March 22nd. On November 7 the stock rating was downgraded from "Overweight" to "Equal-Weight" by analysts at Morgan Stanley. Macquarie started coverage on Himax Technologies in a research note on Monday, April 17th. Stock has got OUTPERFORM rating from 4 analyst (s) whereas last month 4 analyst (s) have given outperform rating. Vetr lowered Himax Technologies from a "strong-buy" rating to a "buy" rating and set a $9.34 price objective on the stock.in a research report on Thursday, June 8th. Finally, ValuEngine cut Himax Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, May 18th. Himax Technologies has an average rating of "Hold" and a consensus price target of $8.08.

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Insurance Lobby Sounds Alarm Over Cruz Amendment To Senate Health Bill
That wouldn't necessarily make plans affordable, however; many compensate with much higher deductibles and copays. That meant the people left in the individual market were on average older, sicker, and more costly to insure.

Himax Technologies (NASDAQ HIMX) traded up 1.38% on Wednesday, reaching $8.08.

8,205K shares changed hands by the end of trading on Friday.

For the current quarter Himax Technologies (NASDAQ:HIMX) has high EPS estimates of $0.01 in contradiction of low EPS estimates of $-0.01.

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I might have been in yellow and then lost five minutes because everyone attacks the hell out of me", he said. There was a true feeling that the race was going to spin out of control. "Everything was good on our side".

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of Himax Technologies by 0.7% in the first quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Himax Technologies during the first quarter worth $432,000. Private Advisor Group LLC acquired a new position in Himax Technologies during the first quarter valued at approximately $130,000. Canada Pension Plan Investment Board now owns 208,600 shares of the semiconductor company's stock valued at $1,902,000 after buying an additional 200,000 shares in the last quarter. As of the end of the quarter Fny Managed Accounts LLC had sold a total of 1,764 shares trimming its position 58.8%. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company's stock valued at $130,000 after buying an additional 77 shares during the period. Institutional investors own 22.56% of the company's stock.

Himax Technologies (NASDAQ:HIMX) now has a trailing P/E of 35.29 while its forward P/E according to Thomson Reuters is 36.41.

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RBI counsel Darius Khambata said the steel firm had suppressed facts and misled the court to get a favourable decision. Meanwhile, bankruptcy proceedings have also been filed on Essar Steel Ltd and Monnet Ispat and Energy Ltd.

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