Jane Street Group LLC Sells 97,076 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Jane Street Group LLC reduced its stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 65.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,900 shares of the semiconductor company’s stock after selling 97,076 shares during the quarter. Jane Street Group LLC’s holdings in Himax Technologies were worth $280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp grew its stake in shares of Himax Technologies by 4.8% during the third quarter. Stifel Financial Corp now owns 470,526 shares of the semiconductor company’s stock valued at $2,588,000 after buying an additional 21,607 shares during the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Himax Technologies during the third quarter valued at about $236,000. Point72 Asset Management L.P. grew its stake in shares of Himax Technologies by 49.6% in the third quarter. Point72 Asset Management L.P. now owns 868,500 shares of the semiconductor company’s stock worth $4,777,000 after purchasing an additional 288,000 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Himax Technologies by 324.2% in the third quarter. BNP Paribas Financial Markets now owns 296,210 shares of the semiconductor company’s stock worth $1,629,000 after purchasing an additional 226,386 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Himax Technologies in the third quarter worth about $153,000. 69.81% of the stock is owned by institutional investors.

Himax Technologies Stock Down 2.4 %

NASDAQ HIMX opened at $7.68 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37. The stock has a market capitalization of $1.34 billion, a PE ratio of 17.45 and a beta of 1.94. Himax Technologies, Inc. has a 1 year low of $4.80 and a 1 year high of $9.80. The business’s 50-day moving average is $6.71 and its 200 day moving average is $6.47.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. Himax Technologies’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share.

Himax Technologies announced that its Board of Directors has approved a stock buyback program on Wednesday, December 4th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their target price on Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

Himax Technologies Profile

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.