JPMorgan Chase & Co. reduced its stake in Himax Technologies, Inc. (NASDAQ:HIMX – Free Report) by 35.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,126 shares of the semiconductor company’s stock after selling 90,613 shares during the period. JPMorgan Chase & Co. owned 0.09% of Himax Technologies worth $903,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Aprio Wealth Management LLC bought a new stake in Himax Technologies in the third quarter valued at $56,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Himax Technologies in the 2nd quarter worth about $79,000. Virtu Financial LLC bought a new stake in Himax Technologies in the 3rd quarter valued at about $98,000. Sanctuary Advisors LLC boosted its stake in Himax Technologies by 33.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,431 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 4,915 shares during the period. Finally, US Bancorp DE boosted its stake in Himax Technologies by 1,239.6% during the 3rd 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. 69.81% of the stock is owned by institutional investors.
Himax Technologies Stock Performance
Shares of NASDAQ HIMX opened at $12.85 on Friday. Himax Technologies, Inc. has a 1 year low of $4.80 and a 1 year high of $13.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.64. The stock has a fifty day moving average price of $7.45 and a two-hundred day moving average price of $6.55. The firm has a market cap of $2.25 billion, a P/E ratio of 29.21 and a beta of 1.94.
Himax Technologies announced that its board has approved a share repurchase plan on Wednesday, December 4th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the semiconductor company to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird boosted their price objective on Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.
Check Out Our Latest Report on Himax Technologies
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.
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