Allianz Asset Management GmbH Lowers Stake in Himax Technologies, Inc. $HIMX

Allianz Asset Management GmbH decreased its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 9.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,168,110 shares of the semiconductor company’s stock after selling 128,428 shares during the quarter. Allianz Asset Management GmbH owned 0.67% of Himax Technologies worth $10,314,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in HIMX. EverSource Wealth Advisors LLC grew its stake in shares of Himax Technologies by 109.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,056 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 3,169 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Himax Technologies during the 2nd quarter valued at about $55,000. Cetera Investment Advisers acquired a new position in Himax Technologies in the 2nd quarter valued at about $90,000. Vest Financial LLC purchased a new stake in Himax Technologies during the third quarter worth about $91,000. Finally, Savant Capital LLC acquired a new stake in shares of Himax Technologies during the second quarter worth about $105,000. 69.81% of the stock is currently owned by institutional investors and hedge funds.

Himax Technologies Price Performance

Shares of NASDAQ HIMX opened at $7.91 on Monday. The stock’s 50-day simple moving average is $8.34 and its 200-day simple moving average is $8.36. The firm has a market capitalization of $1.38 billion, a PE ratio of 21.97 and a beta of 1.86. Himax Technologies, Inc. has a fifty-two week low of $5.66 and a fifty-two week high of $11.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.42 and a current ratio of 1.60.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.01 EPS for the quarter. Himax Technologies had a net margin of 7.18% and a return on equity of 6.98%. The company had revenue of $199.16 million for the quarter, compared to analyst estimates of $186.22 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The firm’s revenue was down 10.5% on a year-over-year basis.

Analyst Upgrades and Downgrades

HIMX has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Himax Technologies in a report on Thursday, January 22nd. Zacks Research upgraded shares of Himax Technologies to a “hold” rating in a research note on Wednesday, November 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 price objective on shares of Himax Technologies in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Himax Technologies presently has an average rating of “Hold” and a consensus price target of $8.00.

About Himax Technologies

Himax Technologies, Inc (NASDAQ: HIMX) is a fabless semiconductor company specializing in display imaging technologies. The company designs and develops a comprehensive portfolio of display driver integrated circuits (DDICs), timing controllers, and other high-speed interface chips that enable high-resolution panels for a wide array of electronic devices. Himax’s solutions are tailored to support both LCD and OLED displays, ensuring compatibility with television sets, desktop monitors, laptops, tablets, smartphones and wearable devices.

In addition to core display driver products, Himax offers wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions for applications in augmented reality (AR) and virtual reality (VR) headsets.