Himax Technologies, Inc. $HIMX Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 9.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,168,110 shares of the semiconductor company’s stock after selling 128,428 shares during the quarter. Allianz Asset Management GmbH’s holdings in Himax Technologies were worth $10,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of Himax Technologies by 109.8% during the second quarter. EverSource Wealth Advisors LLC now owns 6,056 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 3,169 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Himax Technologies during the 2nd quarter worth $55,000. Cetera Investment Advisers purchased a new position in Himax Technologies during the 2nd quarter worth $90,000. Vest Financial LLC acquired a new position in Himax Technologies in the third quarter valued at $91,000. Finally, Savant Capital LLC purchased a new stake in shares of Himax Technologies in the second quarter valued at about $105,000. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Wall Street Analysts Forecast Growth

HIMX has been the subject of several recent research reports. Zacks Research upgraded shares of Himax Technologies to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Himax Technologies in a research note on Thursday, January 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 target price on shares of Himax Technologies in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Himax Technologies presently has an average rating of “Hold” and a consensus target price of $8.00.

Himax Technologies Stock Up 4.2%

Shares of NASDAQ:HIMX opened at $7.91 on Monday. Himax Technologies, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $11.80. The company has a quick ratio of 1.42, a current ratio of 1.60 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $8.34 and its 200-day simple moving average is $8.36. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 21.97 and a beta of 1.86.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.01 EPS for the quarter. Himax Technologies had a net margin of 7.18% and a return on equity of 6.98%. The firm had revenue of $199.16 million during the quarter, compared to the consensus estimate of $186.22 million. During the same quarter last year, the firm earned $0.07 earnings per share. The firm’s revenue was down 10.5% compared to the same quarter last year.

About Himax Technologies

Himax Technologies, Inc (NASDAQ: HIMX) is a fabless semiconductor company specializing in display imaging technologies. The company designs and develops a comprehensive portfolio of display driver integrated circuits (DDICs), timing controllers, and other high-speed interface chips that enable high-resolution panels for a wide array of electronic devices. Himax’s solutions are tailored to support both LCD and OLED displays, ensuring compatibility with television sets, desktop monitors, laptops, tablets, smartphones and wearable devices.

In addition to core display driver products, Himax offers wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions for applications in augmented reality (AR) and virtual reality (VR) headsets.