BNP Paribas Arbitrage SA acquired a new stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 76,704 shares of the semiconductor company’s stock, valued at approximately $267,000.
Other hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Himax Technologies by 9.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 53,989 shares of the semiconductor company’s stock valued at $172,000 after acquiring an additional 4,529 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Himax Technologies by 201.9% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,007 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 6,024 shares during the period. FNY Investment Advisers LLC lifted its position in shares of Himax Technologies by 2,600.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 15,000 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 15,600 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $80,000. Finally, SG Americas Securities LLC lifted its position in shares of Himax Technologies by 24.9% in the 2nd quarter. SG Americas Securities LLC now owns 468,205 shares of the semiconductor company’s stock worth $1,629,000 after purchasing an additional 93,385 shares during the period. Hedge funds and other institutional investors own 9.60% of the company’s stock.
HIMX has been the subject of several recent analyst reports. Credit Suisse Group lowered shares of Himax Technologies from a “neutral” rating to an “underperform” rating in a research note on Friday, August 9th. Roth Capital reaffirmed a “neutral” rating and issued a $3.50 price objective (down from $5.00) on shares of Himax Technologies in a report on Friday, July 12th. Zacks Investment Research raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub downgraded shares of Himax Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 13th. Finally, ValuEngine raised shares of Himax Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.67.
Shares of Himax Technologies stock opened at $1.93 on Tuesday. Himax Technologies, Inc. has a 52-week low of $1.93 and a 52-week high of $6.66. The company has a 50 day moving average of $2.77 and a 200 day moving average of $3.27. The company has a market capitalization of $352.90 million, a P/E ratio of 32.17 and a beta of 0.04.
Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, August 8th. The semiconductor company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $169.30 million for the quarter, compared to analysts’ expectations of $170.16 million. Himax Technologies had a net margin of 0.26% and a return on equity of 0.76%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share. As a group, analysts predict that Himax Technologies, Inc. will post -0.17 EPS for the current year.
Himax Technologies Company Profile
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
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