Robeco Institutional Asset Management B.V. Grows Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

Robeco Institutional Asset Management B.V. raised its stake in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,909,036 shares of the semiconductor company's stock after acquiring an additional 243,178 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 1.09% of Himax Technologies worth $15,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HIMX. Envestnet Asset Management Inc. increased its stake in Himax Technologies by 20.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 222,533 shares of the semiconductor company's stock valued at $1,767,000 after purchasing an additional 38,457 shares in the last quarter. Sei Investments Co. increased its position in shares of Himax Technologies by 115.6% during the second quarter. Sei Investments Co. now owns 64,926 shares of the semiconductor company's stock valued at $516,000 after acquiring an additional 34,812 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Himax Technologies in the 2nd quarter worth approximately $79,000. Creative Planning lifted its position in Himax Technologies by 53.1% in the 2nd quarter. Creative Planning now owns 51,719 shares of the semiconductor company's stock valued at $411,000 after acquiring an additional 17,939 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Himax Technologies in the 2nd quarter worth $115,000. 69.81% of the stock is currently owned by institutional investors.

Himax Technologies Stock Performance

Shares of NASDAQ:HIMX traded up $0.41 during trading on Friday, hitting $10.12. The company's stock had a trading volume of 5,490,559 shares, compared to its average volume of 4,774,338. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 23.00 and a beta of 1.94. The company has a 50-day moving average of $7.89 and a 200-day moving average of $6.60. Himax Technologies, Inc. has a 12 month low of $4.80 and a 12 month high of $13.91.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last issued its quarterly earnings results 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 business 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%. The company's revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS.

Himax Technologies declared that its board has approved 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 repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

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.