SG Americas Securities LLC Sells 5,696 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

SG Americas Securities LLC decreased its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 18.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,032 shares of the semiconductor company’s stock after selling 5,696 shares during the quarter. SG Americas Securities LLC’s holdings in Himax Technologies were worth $143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Himax Technologies by 56.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 2,487 shares during the period. Point72 Hong Kong Ltd bought a new stake in Himax Technologies during the 2nd quarter valued at $5,817,000. Lazard Asset Management LLC increased its holdings in shares of Himax Technologies by 5.6% in the 1st quarter. Lazard Asset Management LLC now owns 4,592,705 shares of the semiconductor company’s stock valued at $24,570,000 after acquiring an additional 244,621 shares during the period. Acadian Asset Management LLC raised its position in shares of Himax Technologies by 26.7% in the 1st quarter. Acadian Asset Management LLC now owns 2,568,934 shares of the semiconductor company’s stock worth $13,725,000 after acquiring an additional 541,106 shares in the last quarter. Finally, Polunin Capital Partners Ltd purchased a new stake in shares of Himax Technologies during the 2nd quarter worth $6,358,000. 69.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Himax Technologies Trading Down 1.3 %

NASDAQ HIMX opened at $6.16 on Friday. The firm has a market cap of $1.08 billion, a PE ratio of 22.81 and a beta of 2.11. Himax Technologies, Inc. has a 52 week low of $4.80 and a 52 week high of $8.73. The company has a quick ratio of 1.32, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $5.77 and a 200 day moving average price of $6.25.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings data on Friday, August 9th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. Himax Technologies had a return on equity of 8.94% and a net margin of 8.42%. The firm had revenue of $239.60 million during the quarter, compared to analyst estimates of $232.78 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year.

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.