Himax Technologies, Inc. (NASDAQ:HIMX) Price Target Raised to $13.50 at Topeka

Himax Technologies, Inc. (NASDAQ:HIMX) shares were higher on Monday as Topeka Capital Markets raised the price target on the stock to $13.50 from $10 while it reiterated a buy rating.

The firm is one of 7 equity research analysts that have recently weighed in on shares of Himax Technologies, Inc. (NASDAQ:HIMX). On a consensus basis, the sell-side has a one year price target of $10.607 on the stock. The most aggressive analyst sees the stock reaching $12 while the most conservative has a $9 target price.

In terms of Buy,Sell or HOld recommendations, Himax Technologies, Inc. has an averate broker rating of 1.56. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that the company will report earnings of $0.06 for the current quarter on or around 2016-05-12. Most recently the company posted an earnings surprise of 100% as the reported number of $0.04 was $0.02 away from consensus estimates.

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