Sanctuary Advisors LLC Acquires New Position in Himax Technologies, Inc. (NASDAQ:HIMX)

Sanctuary Advisors LLC bought a new position in Himax Technologies, Inc. (NASDAQ:HIMX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,516 shares of the semiconductor company’s stock, valued at approximately $115,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HIMX. Ballentine Partners LLC lifted its holdings in shares of Himax Technologies by 35.3% during the 1st quarter. Ballentine Partners LLC now owns 25,077 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 6,549 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Himax Technologies by 56.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 2,487 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in Himax Technologies in the first quarter valued at approximately $54,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Himax Technologies in the first quarter worth approximately $5,182,000. Finally, 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. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Himax Technologies Price Performance

Shares of NASDAQ:HIMX opened at $6.34 on Tuesday. The stock has a market capitalization of $1.11 billion, a P/E ratio of 23.48 and a beta of 2.11. The business has a 50-day moving average of $5.73 and a two-hundred day moving average of $6.24. Himax Technologies, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $8.73. 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 (NASDAQ:HIMX) last posted its quarterly earnings data on Friday, August 9th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $239.60 million during the quarter, compared to the consensus estimate of $232.78 million. Himax Technologies had a net margin of 8.42% and a return on equity of 8.94%. Himax Technologies’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS.

Analyst Ratings Changes

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

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.