QRG Capital Management Inc. Buys Shares of 20,818 Himax Technologies, Inc. (NASDAQ:HIMX)

QRG Capital Management Inc. bought a new stake in Himax Technologies, Inc. (NASDAQ:HIMX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,818 shares of the semiconductor company’s stock, valued at approximately $167,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HIMX. US Bancorp DE raised its position in Himax Technologies by 1,239.6% in the third quarter. US Bancorp DE now owns 24,032 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 22,238 shares during the period. Robeco Institutional Asset Management B.V. grew its stake 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 valued at $9,162,000 after buying an additional 407,400 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Himax Technologies in the third quarter valued at $153,000. 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 valued at $1,629,000 after buying an additional 226,386 shares in the last quarter. Finally, 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 valued at $4,777,000 after buying an additional 288,000 shares in the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HIMX. Robert W. Baird lifted their price objective on Himax Technologies from $7.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. StockNews.com cut Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday.

Himax Technologies Stock Up 2.7 %

HIMX stock opened at $9.75 on Friday. The company’s 50 day moving average price is $9.43 and its 200 day moving average price is $7.23. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 21.67 and a beta of 2.13. Himax Technologies, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $13.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.43 and a current ratio of 1.65.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, February 13th. The semiconductor company reported $0.14 EPS for the quarter. The company had revenue of $237.22 million for the quarter. Himax Technologies had a net margin of 8.80% and a return on equity of 9.09%.

Himax Technologies announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 4th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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.