Kennedy Capital Management LLC Decreases Position in Himax Technologies, Inc. (NASDAQ:HIMX)

Kennedy Capital Management LLC lowered its position in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,323 shares of the semiconductor company's stock after selling 185,450 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.15% of Himax Technologies worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HIMX. Robeco Institutional Asset Management B.V. grew its position in Himax Technologies by 14.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,909,036 shares of the semiconductor company's stock worth $15,349,000 after purchasing an additional 243,178 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Himax Technologies by 28.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company's stock worth $5,583,000 after buying an additional 152,982 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Himax Technologies by 48.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 493,086 shares of the semiconductor company's stock valued at $3,738,000 after acquiring an additional 161,163 shares during the period. Stifel Financial Corp raised its stake in Himax Technologies by 4.8% during the 3rd quarter. Stifel Financial Corp now owns 470,526 shares of the semiconductor company's stock valued at $2,588,000 after acquiring an additional 21,607 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Himax Technologies by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 217,671 shares of the semiconductor company's stock worth $1,750,000 after acquiring an additional 4,143 shares during the period. 69.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Himax Technologies from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.

Himax Technologies Stock Performance

Shares of HIMX stock traded up $0.02 during mid-day trading on Friday, hitting $6.47. The stock had a trading volume of 687,423 shares, compared to its average volume of 1,789,049. Himax Technologies, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $13.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.43. The company's 50-day simple moving average is $8.44 and its 200-day simple moving average is $7.63. The firm has a market cap of $1.13 billion, a PE ratio of 14.37 and a beta of 2.11.

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

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.