GAMMA Investing LLC Boosts Stock Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

GAMMA Investing LLC increased its holdings in Himax Technologies, Inc. (NASDAQ:HIMX) by 90.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,290 shares of the semiconductor company’s stock after buying an additional 4,888 shares during the period. GAMMA Investing LLC’s holdings in Himax Technologies were worth $83,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Himax Technologies by 32.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,665,858 shares of the semiconductor company’s stock worth $9,162,000 after acquiring an additional 407,400 shares during the period. Point72 Asset Management L.P. boosted its stake in Himax Technologies by 49.6% in the 3rd 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 period. Point72 Hong Kong Ltd purchased a new position in Himax Technologies during the 2nd quarter valued at about $5,817,000. Stifel Financial Corp increased its position 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 period. Finally, BNP Paribas Financial Markets lifted its holdings 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 buying an additional 226,386 shares in the last quarter. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

Himax Technologies Trading Down 2.4 %

Himax Technologies stock opened at $7.68 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.64. Himax Technologies, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $9.80. The stock has a market cap of $1.34 billion, a P/E ratio of 17.45 and a beta of 1.94. The firm’s fifty day moving average price is $6.71 and its 200-day moving average price is $6.46.

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

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

Wall Street Analysts Forecast Growth

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

Himax Technologies Company 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.