FNY Partners Fund LP Purchases New Position in Himax Technologies, Inc. (HIMX)
FNY Partners Fund LP bought a new position in Himax Technologies, Inc. (NASDAQ:HIMX) during the first quarter, Holdings Channel reports. The firm bought 85,300 shares of the semiconductor company’s stock, valued at approximately $777,000.
Other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in Himax Technologies during the first quarter worth about $130,000. Bank of New York Mellon Corp raised its stake in Himax Technologies by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after buying an additional 77 shares during the period. US Bancorp DE raised its stake in Himax Technologies by 0.7% in the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares during the period. Great West Life Assurance Co. Can acquired a new stake in Himax Technologies during the first quarter worth about $750,000. Finally, Canada Pension Plan Investment Board raised its stake in Himax Technologies by 2,325.6% in the first quarter. Canada Pension Plan Investment Board now owns 208,600 shares of the semiconductor company’s stock worth $1,902,000 after buying an additional 200,000 shares during the period. Institutional investors own 22.56% of the company’s stock.
Shares of Himax Technologies, Inc. (HIMX) traded down 0.24% during midday trading on Friday, hitting $8.17. 3,593,904 shares of the stock were exchanged. The firm has a 50 day moving average of $7.26 and a 200 day moving average of $7.06. The firm has a market cap of $1.41 billion, a P/E ratio of 35.99 and a beta of 0.78. Himax Technologies, Inc. has a 12-month low of $4.88 and a 12-month high of $10.95.
Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, May 11th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. Himax Technologies had a return on equity of 8.59% and a net margin of 5.04%. The firm had revenue of $155.20 million for the quarter, compared to analyst estimates of $162.26 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. Equities analysts forecast that Himax Technologies, Inc. will post $0.07 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Morgan Stanley upgraded shares of Himax Technologies from an “equal weight” rating to an “overweight” rating and set a $11.50 target price on the stock in a report on Monday, March 27th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Himax Technologies in a report on Wednesday, March 22nd. Vetr lowered shares of Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $9.34 target price on the stock. in a report on Thursday, June 8th. Macquarie assumed coverage on shares of Himax Technologies in a report on Monday, April 17th. They set an “outperform” rating and a $12.00 target price on the stock. Finally, Roth Capital upgraded shares of Himax Technologies from a “neutral” rating to a “buy” rating in a report on Friday, March 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $8.72.
Himax Technologies Company Profile
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
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