Himax Technologies, Inc. (NASDAQ:HIMX) was the target of a significant decrease in short interest in January. As of January 12th, there was short interest totalling 22,072,003 shares, a decrease of 13.9% from the December 29th total of 25,649,541 shares. Based on an average daily trading volume, of 3,743,824 shares, the days-to-cover ratio is presently 5.9 days.

A number of large investors have recently made changes to their positions in the business. Clear Harbor Asset Management LLC grew its stake in Himax Technologies by 744.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 159,800 shares of the semiconductor company’s stock valued at $1,665,000 after purchasing an additional 140,880 shares during the period. Janney Montgomery Scott LLC bought a new position in Himax Technologies in the 3rd quarter valued at $193,000. Cubist Systematic Strategies LLC bought a new position in Himax Technologies in the 3rd quarter valued at $232,000. Yiheng Capital LLC grew its stake in Himax Technologies by 36.4% in the 3rd quarter. Yiheng Capital LLC now owns 1,275,032 shares of the semiconductor company’s stock valued at $13,936,000 after purchasing an additional 340,104 shares during the period. Finally, Quentec Asset Management LLC grew its stake in Himax Technologies by 28.5% in the 3rd quarter. Quentec Asset Management LLC now owns 2,665,751 shares of the semiconductor company’s stock valued at $29,137,000 after purchasing an additional 591,273 shares during the period. Hedge funds and other institutional investors own 27.02% of the company’s stock.

Himax Technologies (NASDAQ HIMX) opened at $8.27 on Tuesday. The stock has a market capitalization of $1,420.00, a price-to-earnings ratio of 137.83, a price-to-earnings-growth ratio of 1.20 and a beta of 0.85. Himax Technologies has a 12 month low of $4.88 and a 12 month high of $13.95.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, November 9th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $197.15 million during the quarter, compared to the consensus estimate of $191.28 million. Himax Technologies had a return on equity of 2.10% and a net margin of 1.25%. equities analysts forecast that Himax Technologies will post 0.16 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Himax Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. BidaskClub downgraded Himax Technologies from a “hold” rating to a “sell” rating in a report on Friday. Vetr downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.04 price target for the company. in a report on Monday, October 2nd. Robert W. Baird upped their price target on Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Finally, Oppenheimer reiterated a “sell” rating and set a $4.00 price target on shares of Himax Technologies in a report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Himax Technologies presently has an average rating of “Hold” and a consensus target price of $10.86.

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About Himax Technologies

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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