HBK Investments L P acquired a new position in Himax Technologies, Inc. (NASDAQ:HIMX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 117,400 shares of the semiconductor company’s stock, valued at approximately $1,223,000.
Other large investors also recently bought and sold shares of the company. Aperio Group LLC purchased a new stake in shares of Himax Technologies in the 4th quarter worth $107,000. Two Sigma Securities LLC purchased a new stake in shares of Himax Technologies in the 4th quarter worth $122,000. Aviance Capital Management LLC increased its stake in shares of Himax Technologies by 1,502.5% in the 4th quarter. Aviance Capital Management LLC now owns 14,503 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 13,598 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Himax Technologies in the 3rd quarter worth $193,000. Finally, Northern Trust Corp increased its stake in shares of Himax Technologies by 9.7% in the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 1,583 shares in the last quarter. Hedge funds and other institutional investors own 33.19% of the company’s stock.
Shares of Himax Technologies stock opened at $6.99 on Thursday. Himax Technologies, Inc. has a 12 month low of $6.40 and a 12 month high of $13.95. The stock has a market capitalization of $1,203.01, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of 2.47 and a beta of 0.52.
Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Tuesday, February 13th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Himax Technologies had a return on equity of 6.41% and a net margin of 4.08%. The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $184.30 million. During the same quarter in the previous year, the company posted $0.03 EPS. The company’s quarterly revenue was down 11.0% on a year-over-year basis. analysts expect that Himax Technologies, Inc. will post 0.11 earnings per share for the current year.
Several equities research analysts have recently commented on the company. Robert W. Baird upped their price objective on Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. BidaskClub lowered Himax Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. Nomura lowered Himax Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.00 to $8.00 in a research note on Friday, March 9th. Vetr upgraded Himax Technologies from a “strong sell” rating to a “strong-buy” rating and set a $14.98 price objective for the company in a research note on Tuesday, November 28th. Finally, Zacks Investment Research lowered Himax Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.79.
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Himax Technologies Company Profile
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
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