Mitsubishi UFJ Asset Management Co. Ltd. Has $4.06 Million Stake in Himax Technologies, Inc. (NASDAQ:HIMX)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 12.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 552,303 shares of the semiconductor company's stock after acquiring an additional 59,217 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.32% of Himax Technologies worth $4,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wealthquest Corp acquired a new position in Himax Technologies in the first quarter valued at approximately $27,000. JNBA Financial Advisors bought a new stake in Himax Technologies in the first quarter valued at $33,000. Barclays PLC boosted its holdings in shares of Himax Technologies by 38.8% during the fourth quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 1,187 shares during the period. Waverly Advisors LLC acquired a new position in shares of Himax Technologies during the fourth quarter valued at $83,000. Finally, GAMMA Investing LLC grew its position 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 worth $91,000 after acquiring an additional 2,154 shares during the last quarter. 69.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley assumed coverage on Himax Technologies in a research report on Friday, May 9th. They set an "overweight" rating and a $8.80 price target for the company.

Himax Technologies Price Performance

Himax Technologies stock traded down $0.08 during mid-day trading on Friday, hitting $7.42. The company's stock had a trading volume of 992,901 shares, compared to its average volume of 1,145,412. The stock's fifty day moving average price is $8.94 and its two-hundred day moving average price is $8.55. The stock has a market capitalization of $1.30 billion, a P/E ratio of 17.67 and a beta of 2.21. The company has a quick ratio of 1.37, a current ratio of 1.54 and a debt-to-equity ratio of 0.03. Himax Technologies, Inc. has a twelve month low of $5.12 and a twelve month 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 (EPS) for the quarter, hitting the consensus estimate of $0.10. Himax Technologies had a return on equity of 8.34% and a net margin of 8.34%. The firm had revenue of $214.80 million for the quarter, compared to the consensus estimate of $212.00 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business's revenue for the quarter was down 10.4% 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.