Wells Fargo & Company MN Purchases 14,850 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Wells Fargo & Company MN boosted its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 495.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,850 shares of the semiconductor company’s stock after acquiring an additional 14,850 shares during the quarter. Wells Fargo & Company MN’s holdings in Himax Technologies were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. IFP Advisors Inc acquired a new position in shares of Himax Technologies during the fourth quarter worth $49,000. Cubist Systematic Strategies LLC bought a new stake in shares of Himax Technologies in the 3rd quarter valued at $51,000. TRUE Private Wealth Advisors lifted its holdings in Himax Technologies by 7,600.0% in the fourth quarter. TRUE Private Wealth Advisors now owns 15,400 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 15,200 shares during the period. OneAscent Financial Services LLC grew its holdings in Himax Technologies by 12.9% during the 4th quarter. OneAscent Financial Services LLC now owns 16,404 shares of the semiconductor company’s stock worth $121,000 after acquiring an additional 1,873 shares during the period. Finally, OneAscent Wealth Management LLC acquired a new position in shares of Himax Technologies in the 4th quarter valued at about $121,000. Hedge funds and other institutional investors own 12.02% of the company’s stock.

A number of equities research analysts have commented on HIMX shares. Vertical Research assumed coverage on shares of Himax Technologies in a report on Tuesday, March 9th. They issued a “neutral” rating for the company. Northland Securities increased their target price on shares of Himax Technologies from $4.50 to $13.00 and gave the company a “market perform” rating in a report on Monday, February 8th. Nomura raised shares of Himax Technologies from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 27th. TheStreet upgraded Himax Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, February 24th. Finally, Zacks Investment Research upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Thursday, March 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Himax Technologies currently has a consensus rating of “Buy” and an average price target of $13.00.

Shares of HIMX opened at $12.03 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.01 and a quick ratio of 1.60. Himax Technologies, Inc. has a 1-year low of $2.81 and a 1-year high of $17.88. The company has a market capitalization of $2.09 billion, a P/E ratio of 133.68 and a beta of 1.93. The firm’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $8.84.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, February 4th. The semiconductor company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. Himax Technologies had a return on equity of 3.44% and a net margin of 1.80%. The firm had revenue of $275.80 million for the quarter, compared to analyst estimates of $275.87 million. During the same period in the prior year, the company earned $0.01 EPS. The company’s revenue was up 57.6% on a year-over-year basis. On average, equities analysts anticipate that Himax Technologies, Inc. will post 0.28 earnings per share for the current year.

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, laptops, monitors, mobile phones, tablets, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.

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Institutional Ownership by Quarter for Himax Technologies (NASDAQ:HIMX)

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