Himax Technologies, Inc. (NASDAQ:HIMX) Short Interest Down 10.9% in February

Himax Technologies, Inc. (NASDAQ:HIMX) was the recipient of a significant decline in short interest during the month of February. As of February 29th, there was short interest totalling 6,160,000 shares, a decline of 10.9% from the February 14th total of 6,910,000 shares. Based on an average trading volume of 844,600 shares, the short-interest ratio is currently 7.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Himax Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th.

Himax Technologies Trading Down 2.3 %

Shares of NASDAQ:HIMX traded down $0.13 during midday trading on Monday, hitting $5.43. 707,523 shares of the stock were exchanged, compared to its average volume of 801,901. The stock has a market capitalization of $947.10 million, a price-to-earnings ratio of 18.72 and a beta of 2.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.39 and a current ratio of 1.69. The business’s 50-day moving average price is $5.72 and its 200 day moving average price is $5.77. Himax Technologies has a 12 month low of $5.22 and a 12 month high of $8.20.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $227.70 million for the quarter, compared to analyst estimates of $226.80 million. Himax Technologies had a return on equity of 6.42% and a net margin of 5.35%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share.

Hedge Funds Weigh In On Himax Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Himax Technologies by 236.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 336,041 shares of the semiconductor company’s stock worth $2,040,000 after acquiring an additional 236,050 shares during the period. Virtu Financial LLC lifted its stake in Himax Technologies by 17.7% in the fourth quarter. Virtu Financial LLC now owns 18,181 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 2,732 shares during the period. Royal Bank of Canada lifted its stake in Himax Technologies by 15.7% in the fourth quarter. Royal Bank of Canada now owns 117,726 shares of the semiconductor company’s stock valued at $714,000 after buying an additional 15,942 shares during the period. First Trust Advisors LP lifted its stake in Himax Technologies by 10.2% in the fourth quarter. First Trust Advisors LP now owns 33,743 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 3,131 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in Himax Technologies in the fourth quarter valued at approximately $26,000. 15.68% of the stock is owned by institutional investors and hedge funds.

About Himax Technologies

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.