E Fund Management Hong Kong Co. Ltd. Makes New Investment in Himax Technologies, Inc. (NASDAQ:HIMX)

E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX) in the fourth quarter, Holdings Channel reports. The fund bought 20,437 shares of the semiconductor company’s stock, valued at approximately $164,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asset Management L.P. lifted its holdings in Himax Technologies by 49.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 868,500 shares of the semiconductor company’s stock valued at $4,777,000 after purchasing an additional 288,000 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Himax Technologies during the third quarter worth $1,125,000. GAMMA Investing LLC raised its position in shares of Himax Technologies by 90.5% in the fourth quarter. GAMMA Investing LLC now owns 10,290 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 4,888 shares during the last quarter. Stifel Financial Corp boosted its position in Himax Technologies by 4.8% during the third quarter. Stifel Financial Corp now owns 470,526 shares of the semiconductor company’s stock worth $2,588,000 after acquiring an additional 21,607 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Himax Technologies by 324.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 296,210 shares of the semiconductor company’s stock valued at $1,629,000 after acquiring an additional 226,386 shares in the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their target price on shares of Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th.

Himax Technologies Stock Performance

NASDAQ HIMX opened at $12.85 on Monday. The stock’s fifty day moving average is $7.45 and its two-hundred day moving average is $6.54. The firm has a market capitalization of $2.25 billion, a P/E ratio of 29.21 and a beta of 1.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.64. Himax Technologies, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $13.91.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. The firm had revenue of $222.40 million for the quarter, compared to analysts’ expectations of $205.93 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company’s revenue was down 6.8% compared to the same quarter last year.

Himax Technologies announced that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the semiconductor company to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.