Blue Trust Inc. Sells 22,779 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Blue Trust Inc. decreased its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 76.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,946 shares of the semiconductor company’s stock after selling 22,779 shares during the period. Blue Trust Inc.’s holdings in Himax Technologies were worth $56,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. US Bancorp DE grew its stake in Himax Technologies by 1,239.6% in the third quarter. US Bancorp DE now owns 24,032 shares of the semiconductor company’s stock valued at $132,000 after acquiring an additional 22,238 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Himax Technologies by 32.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,665,858 shares of the semiconductor company’s stock worth $9,162,000 after purchasing an additional 407,400 shares during the period. LMR Partners LLP bought a new position in shares of Himax Technologies during the 3rd quarter valued at about $153,000. BNP Paribas Financial Markets grew its position in shares of Himax Technologies by 324.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 296,210 shares of the semiconductor company’s stock valued at $1,629,000 after purchasing an additional 226,386 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Himax Technologies by 49.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 868,500 shares of the semiconductor company’s stock worth $4,777,000 after purchasing an additional 288,000 shares in the last quarter. Institutional investors own 69.81% of the company’s stock.

Himax Technologies Stock Performance

Shares of Himax Technologies stock opened at $9.63 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.43. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 21.40 and a beta of 2.00. The stock’s 50-day moving average is $9.09 and its 200-day moving average is $6.98. Himax Technologies, Inc. has a one year low of $4.80 and a one year high of $13.91.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, February 13th. The semiconductor company reported $0.14 EPS for the quarter. The firm 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 declared that its board has authorized a share repurchase plan on Wednesday, December 4th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Himax Technologies from $7.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. StockNews.com upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th.

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.