Ballentine Partners LLC Acquires 12,418 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Ballentine Partners LLC boosted its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 47.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,510 shares of the semiconductor company’s stock after purchasing an additional 12,418 shares during the quarter. Ballentine Partners LLC’s holdings in Himax Technologies were worth $310,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in HIMX. Robeco Institutional Asset Management B.V. increased its position in 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 acquiring an additional 407,400 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of 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 period. Stifel Financial Corp grew its position in Himax Technologies by 4.8% during the third quarter. Stifel Financial Corp now owns 470,526 shares of the semiconductor company’s stock worth $2,588,000 after buying an additional 21,607 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Himax Technologies by 324.2% during the third quarter. BNP Paribas Financial Markets now owns 296,210 shares of the semiconductor company’s stock valued at $1,629,000 after acquiring an additional 226,386 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Himax Technologies by 67.0% in the 2nd quarter. Renaissance Technologies LLC now owns 267,500 shares of the semiconductor company’s stock valued at $2,124,000 after acquiring an additional 107,300 shares in the last quarter. 69.81% of the stock is owned by institutional investors.

Himax Technologies Price Performance

NASDAQ:HIMX opened at $12.85 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.64. The company has a 50-day moving average of $7.45 and a 200-day moving average of $6.56. Himax Technologies, Inc. has a 52 week low of $4.80 and a 52 week high of $13.91. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 29.21 and a beta of 1.94.

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

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

Analyst Ratings Changes

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

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.