Headlands Technologies LLC Takes $513,000 Position in Himax Technologies, Inc. (NASDAQ:HIMX)

Headlands Technologies LLC purchased a new position in Himax Technologies, Inc. (NASDAQ:HIMX) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 64,572 shares of the semiconductor company’s stock, valued at approximately $513,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Securities Group LLC boosted its holdings in Himax Technologies by 1,400.0% in the second quarter. Summit Securities Group LLC now owns 4,500 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 4,200 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Himax Technologies by 56.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 2,487 shares during the last quarter. Blue Trust Inc. raised its position in shares of Himax Technologies by 77,712.5% in the 2nd quarter. Blue Trust Inc. now owns 6,225 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 6,217 shares during the last quarter. JTC Employer Solutions Trustee Ltd bought a new position in Himax Technologies in the 1st quarter worth about $54,000. Finally, Parallel Advisors LLC grew its position in Himax Technologies by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 10,880 shares of the semiconductor company’s stock valued at $66,000 after purchasing an additional 4,203 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.

Himax Technologies Price Performance

Shares of NASDAQ HIMX opened at $5.42 on Friday. The firm has a market cap of $947.00 million, a P/E ratio of 19.81 and a beta of 2.12. Himax Technologies, Inc. has a twelve month low of $4.80 and a twelve month high of $8.73. The company has a quick ratio of 1.32, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $6.49 and a 200 day moving average of $6.20.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Friday, August 9th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. Himax Technologies had a return on equity of 8.94% and a net margin of 8.42%. The firm had revenue of $239.60 million during the quarter, compared to analysts’ expectations of $232.78 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Himax Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.