BNP Paribas Financial Markets Boosts Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

BNP Paribas Financial Markets boosted its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 324.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 296,210 shares of the semiconductor company's stock after purchasing an additional 226,386 shares during the period. BNP Paribas Financial Markets owned about 0.17% of Himax Technologies worth $1,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC increased its stake in shares of Himax Technologies by 1,400.0% during the second quarter. Summit Securities Group LLC now owns 4,500 shares of the semiconductor company's stock valued at $36,000 after buying an additional 4,200 shares during the period. Blue Trust Inc. increased its position in Himax Technologies by 77,712.5% during the 2nd quarter. Blue Trust Inc. now owns 6,225 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 6,217 shares during the period. Aprio Wealth Management LLC bought a new position in Himax Technologies in the 3rd quarter worth $56,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Himax Technologies in the 2nd quarter worth about $79,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Himax Technologies during the 2nd quarter valued at about $115,000. Institutional investors own 69.81% of the company's stock.

Himax Technologies Trading Up 8.3 %

Shares of NASDAQ HIMX traded up $0.51 during midday trading on Friday, hitting $6.69. 1,727,836 shares of the company traded hands, compared to its average volume of 772,190. Himax Technologies, Inc. has a 12-month low of $4.80 and a 12-month high of $8.73. The firm has a market cap of $1.17 billion, a P/E ratio of 15.20 and a beta of 2.07. The stock has a 50-day moving average price of $5.77 and a 200 day moving average price of $6.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.64.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its earnings results 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. The firm had revenue of $222.40 million for the quarter, compared to the consensus estimate of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS.

Himax Technologies announced that its Board of Directors has authorized a share buyback program on Wednesday, December 4th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board 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.