Allianz Asset Management GmbH Acquires 128,383 Shares of Himax Technologies, Inc. $HIMX

Key Points

• Allianz Asset Management GmbH increased its holdings in Himax Technologies by 11.0%, purchasing an additional 128,383 shares to own a total of 1,296,538 shares valued at approximately $11.58 million.
• Himax Technologies reported quarterly earnings of $0.10 earnings per share which met analysts' expectations, while revenue was $214.80 million, slightly above anticipated figures.
• Analysts have a consensus rating of "Moderate Buy" for Himax Technologies with a price target of $11.90 as of the latest report.

Allianz Asset Management GmbH increased its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296,538 shares of the semiconductor company's stock after purchasing an additional 128,383 shares during the quarter. Allianz Asset Management GmbH owned 0.74% of Himax Technologies worth $11,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. QRG Capital Management Inc. increased its position in Himax Technologies by 9.5% during the first quarter. QRG Capital Management Inc. now owns 22,806 shares of the semiconductor company's stock valued at $168,000 after acquiring an additional 1,988 shares during the last quarter. Ballentine Partners LLC increased its position in Himax Technologies by 6.0% during the second quarter. Ballentine Partners LLC now owns 37,533 shares of the semiconductor company's stock valued at $335,000 after acquiring an additional 2,109 shares during the last quarter. GAMMA Investing LLC increased 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. Bank of New York Mellon Corp increased its position in Himax Technologies by 16.2% during the first quarter. Bank of New York Mellon Corp now owns 16,839 shares of the semiconductor company's stock valued at $124,000 after acquiring an additional 2,348 shares during the last quarter. Finally, US Bancorp DE increased its position in Himax Technologies by 11.6% during the first quarter. US Bancorp DE now owns 27,507 shares of the semiconductor company's stock valued at $202,000 after acquiring an additional 2,852 shares during the last quarter. 69.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Himax Technologies in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Himax Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.90.

Himax Technologies Stock Performance

Shares of HIMX opened at $9.16 on Wednesday. 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 business has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $8.32. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 21.81 and a beta of 2.31. Himax Technologies, Inc. has a 52 week low of $5.12 and a 52 week high of $13.91.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. The firm had revenue of $214.80 million for the quarter, compared to analysts' expectations of $212.00 million. Himax Technologies had a return on equity of 8.34% and a net margin of 8.34%.The business's quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Himax Technologies has set its Q3 2025 guidance at -0.040--0.020 EPS.

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.

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