Royal Bank of Canada grew its position in Himax Technologies, Inc. (NASDAQ:HIMX – Free Report) by 31.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 193,024 shares of the semiconductor company’s stock after acquiring an additional 46,582 shares during the quarter. Royal Bank of Canada’s holdings in Himax Technologies were worth $1,519,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Himax Technologies during the 3rd quarter valued at about $28,000. Advisory Services Network LLC bought a new position in Himax Technologies during the third quarter valued at approximately $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Himax Technologies in the fourth quarter valued at approximately $41,000. EFG International AG acquired a new stake in Himax Technologies in the fourth quarter valued at approximately $41,000. Finally, Rockefeller Capital Management L.P. grew its position in Himax Technologies by 976.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,340 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 4,844 shares in the last quarter. 69.81% of the stock is owned by hedge funds and other institutional investors.
Himax Technologies Stock Performance
Shares of NASDAQ HIMX opened at $13.90 on Thursday. The business’s 50-day simple moving average is $14.61 and its 200-day simple moving average is $12.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 1.55. Himax Technologies, Inc. has a 52 week low of $6.85 and a 52 week high of $25.09. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 67.48 and a beta of 2.30.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $8.00.
Get Our Latest Stock Analysis on HIMX
Himax Technologies Company Profile
Himax Technologies, Inc (NASDAQ: HIMX) is a fabless semiconductor company specializing in display imaging technologies. The company designs and develops a comprehensive portfolio of display driver integrated circuits (DDICs), timing controllers, and other high-speed interface chips that enable high-resolution panels for a wide array of electronic devices. Himax’s solutions are tailored to support both LCD and OLED displays, ensuring compatibility with television sets, desktop monitors, laptops, tablets, smartphones and wearable devices.
In addition to core display driver products, Himax offers wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions for applications in augmented reality (AR) and virtual reality (VR) headsets.
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