US Bancorp DE Buys 2,852 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

US Bancorp DE increased its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 11.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,507 shares of the semiconductor company’s stock after buying an additional 2,852 shares during the quarter. US Bancorp DE’s holdings in Himax Technologies were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HIMX. Envestnet Asset Management Inc. boosted its stake in Himax Technologies by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 217,671 shares of the semiconductor company’s stock worth $1,750,000 after purchasing an additional 4,143 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Himax Technologies during the 4th quarter valued at approximately $106,000. Barclays PLC boosted its position in shares of Himax Technologies by 38.8% during the 4th quarter. Barclays PLC now owns 4,248 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,187 shares during the last quarter. PEAK6 LLC bought a new stake in Himax Technologies in the fourth quarter worth $107,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Himax Technologies by 135.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,679 shares of the semiconductor company’s stock worth $182,000 after purchasing an additional 13,028 shares during the last quarter. 69.81% of the stock is owned by hedge funds and other institutional investors.

Himax Technologies Stock Down 1.1%

Shares of HIMX opened at $7.42 on Friday. The company’s 50-day simple moving average is $8.94 and its 200-day simple moving average is $8.56. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.54. The stock has a market capitalization of $1.30 billion, a PE ratio of 17.67 and a beta of 2.21. Himax Technologies, Inc. has a 1 year low of $5.12 and a 1 year high of $13.91.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $214.80 million for the quarter, compared to analyst estimates of $212.00 million. Himax Technologies had a return on equity of 8.34% and a net margin of 8.34%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share.

Analyst Ratings Changes

Separately, Morgan Stanley initiated coverage on Himax Technologies in a research note on Friday, May 9th. They set an “overweight” rating and a $8.80 price target on the stock.

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.