Citigroup Inc. Raises Stake in Himax Technologies, Inc. (NASDAQ:HIMX)

Citigroup Inc. grew its holdings in Himax Technologies, Inc. (NASDAQ:HIMX) by 24.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 45,733 shares of the semiconductor company’s stock after buying an additional 8,856 shares during the period. Citigroup Inc.’s holdings in Himax Technologies were worth $267,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of Himax Technologies during the second quarter worth $51,000. FMR LLC lifted its stake in shares of Himax Technologies by 39.7% in the 3rd quarter. FMR LLC now owns 7,600 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 2,158 shares during the period. Creative Planning purchased a new stake in shares of Himax Technologies in the second quarter valued at about $77,000. Ballentine Partners LLC acquired a new position in shares of Himax Technologies during the third quarter worth about $66,000. Finally, Aspen Grove Capital LLC purchased a new position in Himax Technologies during the fourth quarter worth about $77,000. Institutional investors and hedge funds own 69.81% of the company’s stock.

Himax Technologies Trading Up 1.3 %

Shares of HIMX stock opened at $5.41 on Thursday. Himax Technologies, Inc. has a 1-year low of $5.22 and a 1-year high of $8.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.69 and a quick ratio of 1.39. The business’s fifty day moving average price is $5.63 and its 200 day moving average price is $5.74. The firm has a market capitalization of $943.61 million, a PE ratio of 18.66 and a beta of 2.02.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Himax Technologies had a net margin of 5.35% and a return on equity of 6.42%. The business had revenue of $227.70 million for the quarter, compared to analysts’ expectations of $226.80 million. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was down 13.2% on a year-over-year basis.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Himax Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th.

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