Stocks to Watch on Thursday: Top 5 Losers

4. Himax Technologies, Inc. (NASDAQ:HIMX) has declined 6.1% as of 12:28 PM ET after the Taiwanese semiconductor company was downgraded from a Buy to a Neutral rating by Donnie Teng at Nomura. The price target of $11 was maintained on the stock. The stock price of Himax Technologies, Inc. (NASDAQ:HIMX) has lost 33% of its value in the last twelve months and over 24% since the start of 2022. The analyst thinks that the guidance provided by Himax Technologies, Inc. (NASDAQ:HIMX) does not incorporate the impact of weaker demand along with pricing pressure.

Of the 924 hedge funds in Insider Monkey’s database, Himax Technologies, Inc. (NASDAQ:HIMX) was held 20 hedge funds, with a cumulative value of $257.1 million as of Q4 2021.