Russell Investments Group Ltd. Acquires 119,921 Shares of Himax Technologies, Inc. $HIMX

Key Points

• Russell Investments Group Ltd. increased its stake in Himax Technologies by 63.6%, acquiring 119,921 shares, and now holds approximately $2.3 million worth of the company.
• Institutional investors own 69.81% of Himax Technologies, with significant increases from firms like Point72 Asset Management and others during the recent quarters.
• Himax Technologies reported earnings of $0.10 per share, meeting expectations, but noted a 10.4% decrease in revenue year-over-year at $214.8 million.

Russell Investments Group Ltd. increased its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 63.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,570 shares of the semiconductor company's stock after acquiring an additional 119,921 shares during the period. Russell Investments Group Ltd. owned approximately 0.18% of Himax Technologies worth $2,327,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HIMX. 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 acquiring an additional 3,006,311 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Himax Technologies during the fourth quarter worth about $18,431,000. Allianz Asset Management GmbH bought a new position in shares of Himax Technologies in the first quarter worth approximately $8,586,000. Soviero Asset Management LP bought a new position in shares of Himax Technologies in the fourth quarter worth approximately $4,020,000. Finally, Headwater Capital Co Ltd bought a new position in shares of Himax Technologies in the first quarter worth approximately $3,675,000. Institutional investors own 69.81% of the company's stock.

Himax Technologies Trading Down 0.6%

Shares of NASDAQ HIMX opened at $7.77 on Tuesday. The firm's 50 day moving average price is $8.77 and its 200-day moving average price is $8.45. The company has a market cap of $1.36 billion, a PE ratio of 18.50 and a beta of 2.21. Himax Technologies, Inc. has a 52-week low of $5.12 and a 52-week high of $13.91. 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 (NASDAQ:HIMX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Himax Technologies had a net margin of 8.34% and a return on equity of 8.34%. The firm had revenue of $214.80 million during the quarter, compared to analysts' expectations of $212.00 million. During the same period in the previous year, the company earned $0.17 earnings per share. The firm's quarterly revenue was down 10.4% on a year-over-year basis. Himax Technologies has set its Q3 2025 guidance at -0.040--0.020 EPS.

Wall Street Analyst Weigh In

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

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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