Creative Planning Decreases Stake in Himax Technologies, Inc. (NASDAQ:HIMX)

Creative Planning decreased its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 44.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,812 shares of the semiconductor company’s stock after selling 22,907 shares during the period. Creative Planning’s holdings in Himax Technologies were worth $158,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Himax Technologies by 56.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 2,487 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Himax Technologies by 50.6% during the 1st quarter. BNP Paribas Financial Markets now owns 84,039 shares of the semiconductor company’s stock worth $450,000 after purchasing an additional 28,250 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Himax Technologies by 65.8% during the 1st quarter. Russell Investments Group Ltd. now owns 154,855 shares of the semiconductor company’s stock worth $844,000 after purchasing an additional 61,459 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Himax Technologies by 26.7% during the 1st quarter. Acadian Asset Management LLC now owns 2,568,934 shares of the semiconductor company’s stock worth $13,725,000 after purchasing an additional 541,106 shares during the last quarter. Finally, Gagnon Securities LLC purchased a new stake in shares of Himax Technologies during the 1st quarter worth approximately $320,000. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Himax Technologies Trading Down 3.7 %

Shares of HIMX stock opened at $5.68 on Tuesday. The company’s fifty day simple moving average is $5.78 and its two-hundred day simple moving average is $6.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.32. Himax Technologies, Inc. has a 1 year low of $4.80 and a 1 year high of $8.73. The stock has a market capitalization of $992.41 million, a price-to-earnings ratio of 12.91 and a beta of 2.10.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Himax Technologies had a net margin of 8.77% and a return on equity of 9.07%. The business had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $205.93 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

About Himax Technologies

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.