Jane Street Group LLC Lowers Position in Himax Technologies, Inc. (NASDAQ:HIMX)

Jane Street Group LLC cut its stake in Himax Technologies, Inc. (NASDAQ:HIMX) by 65.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,900 shares of the semiconductor company’s stock after selling 97,076 shares during the period. Jane Street Group LLC’s holdings in Himax Technologies were worth $280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aprio Wealth Management LLC purchased a new stake in Himax Technologies in the third quarter worth about $56,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Himax Technologies during the second quarter valued at approximately $79,000. Sanctuary Advisors LLC purchased a new position in shares of Himax Technologies during the second quarter valued at approximately $115,000. US Bancorp DE lifted its holdings in shares of Himax Technologies by 1,239.6% during the third quarter. US Bancorp DE now owns 24,032 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 22,238 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in shares of Himax Technologies during the third quarter valued at approximately $153,000. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Himax Technologies Price Performance

Shares of NASDAQ HIMX opened at $7.68 on Friday. Himax Technologies, Inc. has a twelve month low of $4.80 and a twelve month high of $9.80. The firm has a market cap of $1.34 billion, a P/E ratio of 17.45 and a beta of 1.94. The company has a 50 day moving average of $6.71 and a 200 day moving average of $6.47. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.03.

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

Himax Technologies declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 4th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the semiconductor company to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Himax Technologies Company 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.