Robeco Institutional Asset Management B.V. Boosts Position in Himax Technologies, Inc. (NASDAQ:HIMX)

Robeco Institutional Asset Management B.V. raised its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,909,036 shares of the semiconductor company’s stock after buying an additional 243,178 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 1.09% of Himax Technologies worth $15,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. lifted its stake in Himax Technologies by 49.6% in the third quarter. Point72 Asset Management L.P. now owns 868,500 shares of the semiconductor company’s stock valued at $4,777,000 after buying an additional 288,000 shares during the last quarter. Stifel Financial Corp lifted its stake in Himax Technologies by 4.8% in the third quarter. Stifel Financial Corp now owns 470,526 shares of the semiconductor company’s stock valued at $2,588,000 after buying an additional 21,607 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Himax Technologies by 324.2% in the third quarter. BNP Paribas Financial Markets now owns 296,210 shares of the semiconductor company’s stock valued at $1,629,000 after buying an additional 226,386 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Himax Technologies by 20.9% in the second quarter. Envestnet Asset Management Inc. now owns 222,533 shares of the semiconductor company’s stock valued at $1,767,000 after buying an additional 38,457 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Himax Technologies in the third quarter valued at approximately $1,125,000. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their target price 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 Trading Up 4.2 %

Shares of HIMX stock opened at $10.12 on Friday. The business’s fifty day moving average price is $7.89 and its 200 day moving average price is $6.61. Himax Technologies, Inc. has a 1-year low of $4.80 and a 1-year high of $13.91. The firm has a market capitalization of $1.77 billion, a PE ratio of 23.00 and a beta of 1.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.64 and a quick ratio of 1.37.

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

Himax Technologies declared that its Board of Directors has authorized a share buyback program 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 shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

About Himax Technologies

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.