SG Americas Securities LLC Raises Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

SG Americas Securities LLC increased its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 54.8% in the 4th quarter, Holdings Channel reports. The firm owned 22,900 shares of the semiconductor company’s stock after purchasing an additional 8,104 shares during the period. SG Americas Securities LLC’s holdings in Himax Technologies were worth $139,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of Himax Technologies by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 26,209 shares of the semiconductor company’s stock worth $213,000 after purchasing an additional 1,604 shares in the last quarter. Citigroup Inc. increased its position in shares of Himax Technologies by 4.9% during the fourth quarter. Citigroup Inc. now owns 34,509 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 1,610 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Himax Technologies by 5.5% during the first quarter. ProShare Advisors LLC now owns 32,669 shares of the semiconductor company’s stock worth $266,000 after purchasing an additional 1,691 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Himax Technologies by 2.5% during the second quarter. JPMorgan Chase & Co. now owns 77,178 shares of the semiconductor company’s stock worth $521,000 after purchasing an additional 1,858 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Himax Technologies by 2.2% during the third quarter. Royal Bank of Canada now owns 92,482 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 2,001 shares in the last quarter. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Himax Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th.

Himax Technologies Stock Down 0.2 %

Shares of NASDAQ:HIMX opened at $5.14 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.69 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $5.48 and a two-hundred day moving average of $5.72. The stock has a market cap of $898.06 million, a P/E ratio of 17.72 and a beta of 2.01. Himax Technologies, Inc. has a 52-week low of $5.07 and a 52-week high of $7.70.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $227.70 million during the quarter, compared to analysts’ expectations of $226.80 million. Himax Technologies had a return on equity of 6.42% and a net margin of 5.35%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 EPS.

About Himax Technologies

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, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.