E Fund Management Hong Kong Co. Ltd. Makes New Investment in Himax Technologies, Inc. (NASDAQ:HIMX)

E Fund Management Hong Kong Co. Ltd. acquired a new stake in Himax Technologies, Inc. (NASDAQ:HIMX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,437 shares of the semiconductor company’s stock, valued at approximately $164,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HIMX. Susquehanna Fundamental Investments LLC acquired a new position in Himax Technologies during the second quarter valued at $79,000. Aprio Wealth Management LLC purchased a new position in shares of Himax Technologies during the 3rd quarter valued at about $56,000. GAMMA Investing LLC lifted its holdings in shares of Himax Technologies by 90.5% in the 4th quarter. GAMMA Investing LLC now owns 10,290 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 4,888 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Himax Technologies in the second quarter worth about $115,000. Finally, Virtu Financial LLC acquired a new stake in Himax Technologies during the third quarter worth about $98,000. Institutional investors and hedge funds own 69.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Himax Technologies Stock Up 8.9 %

HIMX opened at $12.85 on Monday. The company has a fifty day moving average of $7.45 and a two-hundred day moving average of $6.54. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 29.21 and a beta of 1.94. 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 quick ratio of 1.37 and a current ratio of 1.64.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings results on Thursday, November 7th. The semiconductor company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $222.40 million during the quarter, compared to analyst estimates of $205.93 million. Himax Technologies had a return on equity of 9.06% and a net margin of 8.77%. Himax Technologies’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS.

Himax Technologies declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 4th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.