US Bancorp DE Increases Position in Himax Technologies, Inc. (NASDAQ:HIMX)

US Bancorp DE grew its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 1,239.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,032 shares of the semiconductor company’s stock after buying an additional 22,238 shares during the quarter. US Bancorp DE’s holdings in Himax Technologies were worth $132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Summit Securities Group LLC lifted its position in shares of Himax Technologies by 1,400.0% during the second quarter. Summit Securities Group LLC now owns 4,500 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 4,200 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Himax Technologies by 56.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 2,487 shares during the period. Blue Trust Inc. grew its stake in Himax Technologies by 77,712.5% in the 2nd quarter. Blue Trust Inc. now owns 6,225 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 6,217 shares in the last quarter. Aprio Wealth Management LLC bought a new position in Himax Technologies in the 3rd quarter worth about $56,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Himax Technologies during the second quarter worth approximately $79,000. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Himax Technologies Price Performance

HIMX opened at $5.18 on Friday. The company has a market capitalization of $905.05 million, a price-to-earnings ratio of 11.77 and a beta of 2.10. The company has a current ratio of 1.64, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03. Himax Technologies, Inc. has a 12-month low of $4.80 and a 12-month high of $8.73. The business’s fifty day simple moving average is $5.76 and its 200-day simple moving average is $6.32.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, November 7th. The semiconductor company reported $0.07 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 9.06%. The business had revenue of $222.40 million for the quarter, compared to the consensus estimate of $205.93 million. During the same quarter last year, the firm posted $0.06 EPS. The company’s revenue for the quarter was down 6.8% on a year-over-year basis.

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.