E Fund Management Hong Kong Co. Ltd. Makes New $164,000 Investment in Himax Technologies, Inc. (NASDAQ:HIMX)

E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,437 shares of the semiconductor company's stock, valued at approximately $164,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clear Harbor Asset Management LLC grew its stake in shares of Himax Technologies by 2.4% in the fourth quarter. Clear Harbor Asset Management LLC now owns 169,330 shares of the semiconductor company's stock worth $1,361,000 after purchasing an additional 3,900 shares in the last quarter. Ballentine Partners LLC grew its position in Himax Technologies by 47.6% in the 4th quarter. Ballentine Partners LLC now owns 38,510 shares of the semiconductor company's stock valued at $310,000 after buying an additional 12,418 shares in the last quarter. GAMMA Investing LLC increased its stake in Himax Technologies by 90.5% during the 4th quarter. GAMMA Investing LLC now owns 10,290 shares of the semiconductor company's stock valued at $83,000 after buying an additional 4,888 shares during the period. Sanctuary Advisors LLC raised its position in shares of 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 in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Himax Technologies in the 3rd quarter worth approximately $98,000. 69.81% of the stock is owned by institutional investors.

Himax Technologies Price Performance

NASDAQ:HIMX traded down $3.57 during trading hours on Monday, reaching $9.28. 16,292,611 shares of the company's stock were exchanged, compared to its average volume of 5,313,567. The company has a market capitalization of $1.62 billion, a P/E ratio of 21.09 and a beta of 1.94. Himax Technologies, Inc. has a 12 month low of $4.80 and a 12 month high of $13.91. The business's 50-day simple moving average is $7.45 and its two-hundred day simple moving average is $6.54. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $205.93 million. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. The company's revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS.

Himax Technologies announced that its Board of Directors has authorized a share repurchase program on Wednesday, December 4th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the semiconductor company to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their target price on Himax Technologies from $7.00 to $15.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th.

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.