Virtu Financial LLC reduced its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 78.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,374 shares of the semiconductor company’s stock after selling 65,883 shares during the quarter. Virtu Financial LLC’s holdings in Himax Technologies were worth $59,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Yiheng Capital LLC boosted its holdings in shares of Himax Technologies by 167.5% in the fourth quarter. Yiheng Capital LLC now owns 3,411,152 shares of the semiconductor company’s stock valued at $11,700,000 after acquiring an additional 2,136,120 shares during the period. Stifel Financial Corp boosted its holdings in shares of Himax Technologies by 18.3% in the fourth quarter. Stifel Financial Corp now owns 393,605 shares of the semiconductor company’s stock valued at $1,327,000 after acquiring an additional 60,760 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Himax Technologies by 662.3% in the fourth quarter. Hsbc Holdings PLC now owns 297,072 shares of the semiconductor company’s stock valued at $1,019,000 after acquiring an additional 258,104 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Himax Technologies by 64.5% in the fourth quarter. Penserra Capital Management LLC now owns 122,810 shares of the semiconductor company’s stock valued at $420,000 after acquiring an additional 48,135 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Himax Technologies in the third quarter valued at approximately $296,000. 13.05% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on HIMX. Lake Street Capital downgraded Himax Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $7.00 to $4.00 in a report on Friday, January 25th. Zacks Investment Research raised Himax Technologies from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Saturday, January 19th. Northland Securities reaffirmed a “hold” rating and set a $3.00 price target on shares of Himax Technologies in a report on Friday, May 10th. Finally, BidaskClub raised Himax Technologies from a “strong sell” rating to a “sell” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.22.
Shares of NASDAQ HIMX opened at $3.33 on Friday. Himax Technologies, Inc. has a 1-year low of $3.03 and a 1-year high of $8.81. The firm has a market cap of $573.24 million, a P/E ratio of 55.50 and a beta of 0.04.
Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $163.33 million during the quarter, compared to the consensus estimate of $157.95 million. Himax Technologies had a return on equity of 2.36% and a net margin of 1.25%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the company earned ($0.02) earnings per share. Analysts anticipate that Himax Technologies, Inc. will post -0.14 EPS for the current year.
About Himax Technologies
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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