E Fund Management Co. Ltd. Takes $455,000 Position in Himax Technologies, Inc. (NASDAQ:HIMX)

E Fund Management Co. Ltd. acquired a new stake in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,619 shares of the semiconductor company's stock, valued at approximately $455,000.

A number of other hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Himax Technologies in the fourth quarter worth $28,000. GAMMA Investing LLC raised its position in shares of Himax Technologies by 90.5% during the 4th quarter. GAMMA Investing LLC now owns 10,290 shares of the semiconductor company's stock worth $83,000 after purchasing an additional 4,888 shares during the period. Virtu Financial LLC bought a new stake in shares of Himax Technologies in the 3rd quarter worth approximately $98,000. Foster Group Inc. acquired a new position in Himax Technologies during the 4th quarter valued at approximately $100,000. Finally, Sanctuary Advisors LLC grew its stake in 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 buying an additional 4,915 shares during the last quarter. Institutional investors and hedge funds own 69.81% of the company's stock.

Himax Technologies Stock Performance

Shares of NASDAQ:HIMX traded up $0.23 on Wednesday, hitting $8.72. The company's stock had a trading volume of 3,181,730 shares, compared to its average volume of 1,638,493. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 19.38 and a beta of 2.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.43 and a current ratio of 1.65. Himax Technologies, Inc. has a 12 month low of $4.80 and a 12 month high of $13.91. The stock's 50-day moving average is $9.45 and its two-hundred day moving average is $7.28.

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Himax Technologies (NASDAQ:HIMX - Get Free Report) last released its earnings results on Thursday, February 13th. The semiconductor company reported $0.14 EPS for the quarter. The firm had revenue of $237.22 million for the quarter. Himax Technologies had a net margin of 8.80% and a return on equity of 9.09%.

Himax Technologies declared that its board has initiated a share repurchase program on Wednesday, December 4th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

HIMX has been the topic of several recent research reports. Robert W. Baird lifted their price objective on shares of Himax Technologies from $7.00 to $15.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. StockNews.com cut Himax Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

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.