61,776 Shares in Himax Technologies, Inc. $HIMX Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC acquired a total of 61,776 shares of Himax Technologies, Inc. valued at approximately $454,000 during the first quarter, indicating increased institutional interest in the semiconductor company.
• Morgan Stanley initiated coverage on Himax Technologies with an "overweight" rating and set a price target of $8.80, suggesting bullish sentiment from analysts.
• Himax Technologies reported a net margin of 8.34% for the latest quarter, with quarterly revenue of $214.80 million, which is down 10.4% year-over-year despite meeting earnings expectations.

Virtu Financial LLC purchased a new position in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 61,776 shares of the semiconductor company's stock, valued at approximately $454,000.

Other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in shares of 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 buying an additional 116,088 shares during the period. Point72 Asset Management L.P. lifted its stake in Himax Technologies by 346.1% in 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 during the last quarter. Point72 Hong Kong Ltd acquired a new position in Himax Technologies during the 4th quarter worth approximately $18,431,000. Robeco Institutional Asset Management B.V. increased its position in shares of Himax Technologies by 16.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,230,791 shares of the semiconductor company's stock valued at $16,396,000 after purchasing an additional 321,755 shares during the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Himax Technologies in the 1st quarter valued at $8,586,000. Institutional investors and hedge funds own 69.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley started coverage on Himax Technologies in a report on Friday, May 9th. They issued an "overweight" rating and a $8.80 target price on the stock.

Himax Technologies Stock Performance

Shares of Himax Technologies stock traded up $0.25 on Monday, hitting $7.67. The stock had a trading volume of 610,640 shares, compared to its average volume of 2,325,723. The company has a current ratio of 1.54, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 18.25 and a beta of 2.21. The company's 50 day moving average price is $8.94 and its 200 day moving average price is $8.54. Himax Technologies, Inc. has a 52-week low of $5.12 and a 52-week high of $13.91.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last issued 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 net margin of 8.34% and a return on equity of 8.34%. The company had revenue of $214.80 million for the quarter, compared to the consensus estimate of $212.00 million. During the same period last year, the firm posted $0.17 EPS. Himax Technologies's revenue for the quarter was down 10.4% on a year-over-year basis.

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.