Asset Management One Co. Ltd. purchased a new position in Himax Technologies, Inc. (NASDAQ:HIMX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 48,898 shares of the semiconductor company’s stock, valued at approximately $432,000.
A number of other hedge funds have also made changes to their positions in the company. State Street Corp raised its stake in shares of Himax Technologies by 1.8% in the fourth quarter. State Street Corp now owns 114,302 shares of the semiconductor company’s stock worth $689,000 after buying an additional 2,046 shares during the last quarter. Oxford Asset Management raised its position in shares of Himax Technologies by 70.7% in the fourth quarter. Oxford Asset Management now owns 198,840 shares of the semiconductor company’s stock valued at $1,201,000 after buying an additional 82,361 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Himax Technologies during the fourth quarter valued at approximately $665,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Himax Technologies during the fourth quarter valued at approximately $435,000. Finally, Two Sigma Investments LP raised its position in shares of Himax Technologies by 3,226.5% in the fourth quarter. Two Sigma Investments LP now owns 1,196,760 shares of the semiconductor company’s stock valued at $7,228,000 after buying an additional 1,160,783 shares in the last quarter. 22.56% of the stock is owned by institutional investors.
Himax Technologies, Inc. (NASDAQ:HIMX) traded down 1.52% during midday trading on Tuesday, reaching $7.78. The company had a trading volume of 485,181 shares. The company has a market capitalization of $1.34 billion, a P/E ratio of 34.27 and a beta of 0.78. The firm has a 50-day moving average of $7.24 and a 200 day moving average of $7.06. Himax Technologies, Inc. has a 1-year low of $4.88 and a 1-year high of $10.95.
Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, May 11th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. The company had revenue of $155.20 million for the quarter, compared to analyst estimates of $162.26 million. Himax Technologies had a return on equity of 8.59% and a net margin of 5.04%. The firm’s revenue was down 13.9% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. On average, equities research analysts forecast that Himax Technologies, Inc. will post $0.07 EPS for the current year.
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Several brokerages have commented on HIMX. Morgan Stanley raised Himax Technologies from an “equal weight” rating to an “overweight” rating and set a $11.50 price objective for the company in a research report on Monday, March 27th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Himax Technologies in a research report on Wednesday, March 22nd. Vetr lowered Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $9.34 price objective for the company. in a research report on Thursday, June 8th. Macquarie began coverage on Himax Technologies in a research report on Monday, April 17th. They set an “outperform” rating and a $12.00 price objective for the company. Finally, Roth Capital raised Himax Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, March 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $8.72.
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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