Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 493,086 shares of the semiconductor company's stock after purchasing an additional 161,163 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.28% of Himax Technologies worth $3,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. raised its stake in Himax Technologies by 49.6% in the third quarter. Point72 Asset Management L.P. now owns 868,500 shares of the semiconductor company's stock worth $4,777,000 after buying an additional 288,000 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Himax Technologies in the 4th quarter valued at $164,000. Public Employees Retirement System of Ohio bought a new position in shares of Himax Technologies in the 3rd quarter worth $1,125,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of 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. Finally, QRG Capital Management Inc. bought a new stake in Himax Technologies during the fourth quarter valued at about $167,000. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

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Himax Technologies Stock Down 9.7 %

Shares of Himax Technologies stock traded down $0.73 during trading on Thursday, reaching $6.76. The company's stock had a trading volume of 2,609,041 shares, compared to its average volume of 1,743,433. Himax Technologies, Inc. has a 1-year low of $4.80 and a 1-year high of $13.91. The company has a 50-day simple moving average of $9.47 and a two-hundred day simple moving average of $7.57. The company has a quick ratio of 1.43, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 15.02 and a beta of 2.13.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The semiconductor company reported $0.14 earnings per share for the quarter. The business 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 announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 4th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HIMX shares. Robert W. Baird boosted their target price on shares of Himax Technologies from $7.00 to $15.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. StockNews.com cut shares of Himax Technologies from a "buy" rating to a "hold" rating in a research 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.