Himax Technologies, Inc. $HIMX Shares Bought by Russell Investments Group Ltd.

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. lifted its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 63.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 308,570 shares of the semiconductor company's stock after buying an additional 119,921 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Himax Technologies worth $2,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Himax Technologies by 20.9% during the 1st quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company's stock worth $91,000 after buying an additional 2,154 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Himax Technologies by 13.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 247,685 shares of the semiconductor company's stock worth $1,820,000 after buying an additional 30,014 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Himax Technologies by 2.7% during the 4th quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock worth $35,033,000 after buying an additional 116,088 shares during the last quarter. Headwater Capital Co Ltd acquired a new position in shares of Himax Technologies during the 1st quarter worth $3,675,000. Finally, Point72 Asset Management L.P. raised its stake in shares of Himax Technologies by 346.1% during the 4th 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 last quarter. Institutional investors and hedge funds own 69.81% of the company's stock.

Himax Technologies Price Performance

HIMX stock traded down $0.50 during trading on Friday, hitting $8.14. The stock had a trading volume of 1,398,475 shares, compared to its average volume of 1,443,014. The company's 50 day moving average price is $8.71 and its two-hundred day moving average price is $8.42. Himax Technologies, Inc. has a 1-year low of $5.12 and a 1-year high of $13.91. 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 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 announced its earnings results 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 the consensus estimate of $212.00 million. During the same quarter in the previous year, the company posted $0.17 EPS. The firm's revenue for the quarter was down 10.4% on a year-over-year basis. Himax Technologies has set its Q3 2025 guidance at -0.040--0.020 EPS.

Analysts Set New Price Targets

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 for the company. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $11.90.

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.