Bank of America Corp DE boosted its holdings in Himax Technologies, Inc. (NASDAQ:HIMX) by 611.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551,903 shares of the semiconductor company’s stock after purchasing an additional 474,291 shares during the quarter. Bank of America Corp DE owned approximately 0.32% of Himax Technologies worth $4,117,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of HIMX. SG Capital Management LLC bought a new stake in Himax Technologies in the second quarter valued at $6,190,000. Pendal Group Ltd bought a new stake in Himax Technologies in the second quarter valued at $4,812,000. Guggenheim Capital LLC lifted its stake in Himax Technologies by 114.9% in the first quarter. Guggenheim Capital LLC now owns 182,223 shares of the semiconductor company’s stock valued at $1,122,000 after buying an additional 97,417 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in Himax Technologies in the first quarter valued at $334,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Himax Technologies in the second quarter valued at $383,000. Institutional investors own 22.89% of the company’s stock.
Shares of NASDAQ HIMX opened at $5.31 on Thursday. Himax Technologies, Inc. has a fifty-two week low of $5.01 and a fifty-two week high of $13.95. The stock has a market cap of $934.53 million, a P/E ratio of 33.19, a P/E/G ratio of 32.46 and a beta of -0.52.
Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings data on Thursday, August 9th. The semiconductor company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Himax Technologies had a net margin of 3.66% and a return on equity of 6.12%. The business had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $181.78 million. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. On average, research analysts predict that Himax Technologies, Inc. will post 0.01 EPS for the current year.
A number of research firms have issued reports on HIMX. Cowen set a $7.00 target price on Himax Technologies and gave the company a “hold” rating in a research note on Thursday, August 9th. BidaskClub cut Himax Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. ValuEngine cut Himax Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Macquarie cut Himax Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the company from $12.00 to $6.00 in a research note on Thursday, August 16th. Finally, Lake Street Capital set a $8.00 target price on Himax Technologies and gave the company a “buy” rating in a research note on Tuesday, September 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.17.
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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