Engineers Gate Manager LP boosted its holdings in Himax Technologies, Inc. (NASDAQ:HIMX – Free Report) by 776.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,716 shares of the semiconductor company’s stock after purchasing an additional 103,397 shares during the quarter. Engineers Gate Manager LP’s holdings in Himax Technologies were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its stake in Himax Technologies by 11.1% in the 1st quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company’s stock worth $50,019,000 after buying an additional 637,020 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Himax Technologies by 95.7% during the 4th quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company’s stock worth $28,086,000 after acquiring an additional 1,676,831 shares during the period. Renaissance Technologies LLC boosted its position in shares of Himax Technologies by 233.3% in the first quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company’s stock worth $5,096,000 after acquiring an additional 453,200 shares during the last quarter. Royal Bank of Canada grew its holdings in Himax Technologies by 31.8% in the first quarter. Royal Bank of Canada now owns 193,024 shares of the semiconductor company’s stock valued at $1,519,000 after purchasing an additional 46,582 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Himax Technologies during the second quarter worth approximately $1,717,000. 69.81% of the stock is currently owned by hedge funds and other institutional investors.
Himax Technologies Trading Down 2.8%
NASDAQ HIMX opened at $13.22 on Wednesday. Himax Technologies, Inc. has a one year low of $6.85 and a one year high of $25.09. The company’s 50 day moving average price is $13.79 and its 200 day moving average price is $13.70. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 1.55. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 64.17 and a beta of 2.34.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Himax Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.
Get Our Latest Stock Analysis on Himax Technologies
Himax Technologies Company Profile
Himax Technologies, Inc is a fabless semiconductor company that develops display imaging technologies and related products. The company’s solutions are used in consumer electronics, automotive systems, industrial applications and other products that incorporate displays, cameras or sensing capabilities.
Himax’s product portfolio includes display driver integrated circuits and timing controllers for applications such as televisions, monitors, laptops, tablets, smartphones and automotive displays.
See Also
- Five stocks we like better than Himax Technologies
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Want to see what other hedge funds are holding HIMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Himax Technologies, Inc. (NASDAQ:HIMX – Free Report).
Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
