Geode Capital Management LLC Sells 6,338 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Geode Capital Management LLC decreased its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,320 shares of the semiconductor company’s stock after selling 6,338 shares during the quarter. Geode Capital Management LLC owned approximately 0.06% of Himax Technologies worth $799,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HIMX. Robeco Institutional Asset Management B.V. boosted its holdings in Himax Technologies by 14.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,909,036 shares of the semiconductor company’s stock worth $15,349,000 after buying an additional 243,178 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Himax Technologies by 48.6% in 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 acquiring an additional 161,163 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Himax Technologies by 28.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company’s stock worth $5,583,000 after buying an additional 152,982 shares during the last quarter. E Fund Management Co. Ltd. bought a new position in shares of Himax Technologies during the 4th quarter valued at $455,000. Finally, QRG Capital Management Inc. bought a new stake in shares of Himax Technologies in the 4th quarter valued at about $167,000. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Analysts Set New Price Targets

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

Himax Technologies Trading Up 0.8 %

Himax Technologies stock opened at $7.13 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.43. The business’s fifty day moving average is $7.78 and its 200 day moving average is $7.69. Himax Technologies, Inc. has a one year low of $4.93 and a one year high of $13.91. The stock has a market capitalization of $1.25 billion, a PE ratio of 15.84 and a beta of 2.11.

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

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.