Himax Technologies, Inc. (NASDAQ:HIMX) Position Increased by Signaturefd LLC

Signaturefd LLC raised its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 34.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,437 shares of the semiconductor company’s stock after buying an additional 3,468 shares during the quarter. Signaturefd LLC’s holdings in Himax Technologies were worth $108,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HIMX. SBI Securities Co. Ltd. bought a new stake in shares of Himax Technologies in the 4th quarter valued at approximately $28,000. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 4,888 shares during the last quarter. Virtu Financial LLC bought a new stake in Himax Technologies in the third quarter worth approximately $98,000. Foster Group Inc. bought a new stake in Himax Technologies in the fourth quarter worth approximately $100,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Himax Technologies by 33.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,431 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 4,915 shares during the last quarter. 69.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HIMX has been the subject of a number of recent research reports. Robert W. Baird upped their price objective on shares of Himax Technologies from $7.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. StockNews.com downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Himax Technologies Stock Performance

NASDAQ:HIMX opened at $8.46 on Monday. The firm has a market capitalization of $1.48 billion, a PE ratio of 18.80 and a beta of 2.13. The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.03. Himax Technologies, Inc. has a 1 year low of $4.80 and a 1 year high of $13.91. The firm’s fifty day simple moving average is $9.60 and its 200 day simple moving average is $7.45.

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

Himax Technologies declared that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

About Himax Technologies

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.