Envestnet Asset Management Inc. boosted its position in Himax Technologies, Inc. (NASDAQ:HIMX – Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,829 shares of the semiconductor company’s stock after purchasing an additional 28,144 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of Himax Technologies worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Himax Technologies during the 2nd quarter worth approximately $55,000. Allianz Asset Management GmbH increased its stake in Himax Technologies by 11.0% in the second quarter. Allianz Asset Management GmbH now owns 1,296,538 shares of the semiconductor company’s stock worth $11,578,000 after purchasing an additional 128,383 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Himax Technologies by 39.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,149 shares of the semiconductor company’s stock worth $153,000 after purchasing an additional 4,862 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Himax Technologies during the second quarter valued at $827,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Himax Technologies by 55.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,459,823 shares of the semiconductor company’s stock worth $30,896,000 after purchasing an additional 1,229,032 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.
Himax Technologies Trading Up 0.3%
NASDAQ:HIMX opened at $7.40 on Monday. The firm has a market cap of $1.29 billion, a P/E ratio of 17.62 and a beta of 2.32. The firm has a 50-day simple moving average of $8.71 and a 200-day simple moving average of $8.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.54. Himax Technologies, Inc. has a one year low of $5.12 and a one year high of $13.91.
Analyst Ratings Changes
HIMX has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Himax Technologies in a report on Wednesday, October 8th. Zacks Research raised shares of Himax Technologies to a “hold” rating in a research note on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Himax Technologies presently has an average rating of “Moderate Buy” and an average price target of $11.90.
View Our Latest Analysis on HIMX
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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