Oppenheimer & Co. Inc. Invests $145,000 in Himax Technologies, Inc. (NASDAQ:HIMX)

Oppenheimer & Co. Inc. bought a new position in shares of Himax Technologies, Inc. (NASDAQ:HIMXGet Rating) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 19,300 shares of the semiconductor company’s stock, valued at approximately $145,000.

Several other large investors have also recently made changes to their positions in the company. CapWealth Advisors LLC increased its position in shares of Himax Technologies by 71.1% during the second quarter. CapWealth Advisors LLC now owns 1,213,529 shares of the semiconductor company’s stock worth $9,077,000 after purchasing an additional 504,156 shares in the last quarter. Scotia Capital Inc. increased its position in shares of Himax Technologies by 37.3% during the second quarter. Scotia Capital Inc. now owns 43,500 shares of the semiconductor company’s stock worth $325,000 after purchasing an additional 11,825 shares in the last quarter. abrdn plc purchased a new stake in shares of Himax Technologies during the second quarter worth approximately $2,227,000. Envestnet Asset Management Inc. increased its position in shares of Himax Technologies by 19.8% during the second quarter. Envestnet Asset Management Inc. now owns 232,163 shares of the semiconductor company’s stock worth $1,737,000 after purchasing an additional 38,296 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new stake in shares of Himax Technologies during the second quarter worth approximately $211,000. 17.47% of the stock is currently owned by hedge funds and other institutional investors.

Himax Technologies Stock Down 3.1 %

Shares of NASDAQ:HIMX opened at $6.87 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.86 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $5.72 and a two-hundred day moving average of $7.06. The stock has a market cap of $1.20 billion, a P/E ratio of 3.56 and a beta of 1.91. Himax Technologies, Inc. has a 52-week low of $4.81 and a 52-week high of $16.50.

Analyst Ratings Changes

Several brokerages recently commented on HIMX. StockNews.com upgraded Himax Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. TheStreet cut Himax Technologies from a “b-” rating to a “c+” rating in a report on Tuesday, September 13th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.67.

Himax Technologies Company Profile

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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 through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.

See Also

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Institutional Ownership by Quarter for Himax Technologies (NASDAQ:HIMX)

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