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 Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,000 shares of the semiconductor company's stock, valued at approximately $588,000.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its stake 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 buying an additional 3,006,311 shares during the period. Point72 Hong Kong Ltd purchased a new position in Himax Technologies during the 4th quarter valued at about $18,431,000. Allianz Asset Management GmbH purchased a new position in Himax Technologies during the 1st quarter valued at about $8,586,000. Soviero Asset Management LP purchased a new position in Himax Technologies during the 4th quarter valued at about $4,020,000. Finally, Headwater Capital Co Ltd purchased a new position in Himax Technologies during the 1st quarter valued at about $3,675,000. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Himax Technologies Stock Down 5.8%

Shares of Himax Technologies stock traded down $0.50 during trading on Friday, hitting $8.14. 1,398,475 shares of the stock were exchanged, compared to its average volume of 1,443,014. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 19.38 and a beta of 2.30. The firm's 50-day moving average price is $8.71 and its 200 day moving average price is $8.42. Himax Technologies, Inc. has a 12-month low of $5.12 and a 12-month high of $13.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.54 and a quick ratio of 1.37.

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

About Himax Technologies

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.