Credit Agricole S A Takes Position in Himax Technologies, Inc. $HIMX

Key Points

• Credit Agricole S A has acquired a new stake in Himax Technologies, purchasing 80,000 shares valued at approximately $588,000 in the first quarter of the year.
• Multiple hedge funds have increased their holdings in Himax Technologies, resulting in approximately 69.81% of the stock being owned by institutional investors.
• Morgan Stanley recently set an "overweight" rating for Himax Technologies with a price target of $8.80, while the stock has a consensus rating of "Buy" with an average price target of $11.90.

Credit Agricole S A acquired a new stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 80,000 shares of the semiconductor company's stock, valued at approximately $588,000.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of 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 buying an additional 2,154 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Himax Technologies by 13.8% during the first quarter. Envestnet Asset Management Inc. now owns 247,685 shares of the semiconductor company's stock worth $1,820,000 after purchasing an additional 30,014 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Himax Technologies by 2.7% during the fourth quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock worth $35,033,000 after purchasing an additional 116,088 shares during the last quarter. Headwater Capital Co Ltd purchased a new position in Himax Technologies during the first quarter worth about $3,675,000. Finally, Point72 Asset Management L.P. boosted its holdings in Himax Technologies by 346.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company's stock worth $31,153,000 after purchasing an additional 3,006,311 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Morgan Stanley assumed coverage on shares of Himax Technologies in a report on Friday, May 9th. They set an "overweight" rating and a $8.80 price target on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $11.90.

Himax Technologies Stock Performance

Shares of HIMX stock opened at $7.77 on Tuesday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 18.50 and a beta of 2.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.54. Himax Technologies, Inc. has a 52 week low of $5.12 and a 52 week high of $13.91. The firm's 50-day simple moving average is $8.77 and its two-hundred day simple moving average is $8.45.

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

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.

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