Point72 Asset Management L.P. Grows Position in Himax Technologies, Inc. (NASDAQ:HIMX)

Point72 Asset Management L.P. raised its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 49.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 868,500 shares of the semiconductor company's stock after purchasing an additional 288,000 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.50% of Himax Technologies worth $4,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HIMX. BNP Paribas Financial Markets increased its position in shares of Himax Technologies by 324.2% during the third quarter. BNP Paribas Financial Markets now owns 296,210 shares of the semiconductor company's stock valued at $1,629,000 after buying an additional 226,386 shares during the period. LMR Partners LLP bought a new stake in shares of Himax Technologies during the third quarter valued at about $153,000. Robeco Institutional Asset Management B.V. increased its position in shares of Himax Technologies by 32.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,665,858 shares of the semiconductor company's stock valued at $9,162,000 after buying an additional 407,400 shares during the period. US Bancorp DE increased its position 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 buying an additional 22,238 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Himax Technologies by 377.5% during the third quarter. Blue Trust Inc. now owns 29,725 shares of the semiconductor company's stock valued at $163,000 after buying an additional 23,500 shares during the period. 69.81% of the stock is owned by hedge funds and other institutional investors.

Himax Technologies Price Performance

Shares of HIMX stock traded up $0.51 during trading on Monday, hitting $6.69. The company had a trading volume of 1,731,237 shares, compared to its average volume of 796,797. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.03. The stock's 50-day moving average is $5.77 and its two-hundred day moving average is $6.29. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 15.20 and a beta of 2.07. Himax Technologies, Inc. has a 52 week low of $4.80 and a 52 week high of $8.73.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $222.40 million for the quarter, compared to analysts' expectations of $205.93 million. Himax Technologies had a net margin of 8.77% and a return on equity of 9.06%. Himax Technologies's revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share.

Himax Technologies declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 4th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.