US Bancorp DE Acquires 2,852 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

US Bancorp DE increased its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 11.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,507 shares of the semiconductor company’s stock after purchasing an additional 2,852 shares during the period. US Bancorp DE’s holdings in Himax Technologies were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HIMX. Wealthquest Corp bought a new position in shares of Himax Technologies during the first quarter valued at approximately $27,000. JNBA Financial Advisors purchased a new stake in Himax Technologies during the first quarter valued at approximately $33,000. Barclays PLC lifted its position in Himax Technologies by 38.8% during the fourth quarter. Barclays PLC now owns 4,248 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,187 shares during the last quarter. Waverly Advisors LLC purchased a new stake in Himax Technologies during the fourth quarter valued at approximately $83,000. Finally, GAMMA Investing LLC lifted its position in Himax Technologies by 20.9% during the first quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company’s stock valued at $91,000 after acquiring an additional 2,154 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley began coverage on shares of Himax Technologies in a research report on Friday, May 9th. They set an “overweight” rating and a $8.80 target price for the company.

Himax Technologies Trading Down 1.1%

NASDAQ:HIMX opened at $7.42 on Friday. Himax Technologies, Inc. has a 52 week low of $5.12 and a 52 week high of $13.91. The firm has a 50 day moving average of $8.94 and a 200 day moving average of $8.56. The company has a quick ratio of 1.37, a current ratio of 1.54 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 17.67 and a beta of 2.21.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $214.80 million during the quarter, compared to analysts’ expectations of $212.00 million. Himax Technologies had a net margin of 8.34% and a return on equity of 8.34%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.17 earnings per share.

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.