Envestnet Asset Management Inc. Purchases 4,143 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Envestnet Asset Management Inc. lifted its stake in Himax Technologies, Inc. (NASDAQ:HIMX) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,671 shares of the semiconductor company’s stock after purchasing an additional 4,143 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of Himax Technologies worth $1,750,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Wedbush Securities Inc. bought a new stake in shares of Himax Technologies in the 4th quarter valued at about $201,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Himax Technologies by 28.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company’s stock valued at $5,583,000 after purchasing an additional 152,982 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Himax Technologies during the fourth quarter valued at approximately $107,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Himax Technologies by 48.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 493,086 shares of the semiconductor company’s stock valued at $3,738,000 after purchasing an additional 161,163 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Himax Technologies by 34.8% during the fourth quarter. Signaturefd LLC now owns 13,437 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 3,468 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors.

Himax Technologies Price Performance

Shares of HIMX opened at $7.11 on Tuesday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 15.80 and a beta of 2.11. Himax Technologies, Inc. has a twelve month low of $4.93 and a twelve month high of $13.91. The company has a quick ratio of 1.43, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $7.99 and a two-hundred day moving average of $7.69.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Himax Technologies 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.