FNY Investment Advisers LLC bought a new stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 115,000 shares of the semiconductor company’s stock, valued at approximately $676,000.

Other large investors have also bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in shares of Himax Technologies in the third quarter valued at approximately $403,000. First Manhattan Co. bought a new stake in shares of Himax Technologies in the third quarter valued at approximately $253,000. Millennium Management LLC bought a new stake in shares of Himax Technologies in the second quarter valued at approximately $1,188,000. Point72 Asset Management L.P. bought a new stake in shares of Himax Technologies in the second quarter valued at approximately $3,886,000. Finally, Bank of America Corp DE boosted its position in shares of Himax Technologies by 611.1% in the second quarter. Bank of America Corp DE now owns 551,903 shares of the semiconductor company’s stock valued at $4,117,000 after acquiring an additional 474,291 shares during the period. Hedge funds and other institutional investors own 22.79% of the company’s stock.

Shares of NASDAQ HIMX opened at $4.09 on Wednesday. The firm has a market capitalization of $693.58 million, a P/E ratio of 25.56, a PEG ratio of 24.18 and a beta of -0.27. Himax Technologies, Inc. has a one year low of $3.99 and a one year high of $13.95.

Himax Technologies (NASDAQ:HIMX) last issued its earnings results on Thursday, November 8th. The semiconductor company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $188.40 million during the quarter, compared to analyst estimates of $188.20 million. Himax Technologies had a return on equity of 5.56% and a net margin of 3.31%. Himax Technologies’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. Research analysts predict that Himax Technologies, Inc. will post 0.01 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. BidaskClub raised Himax Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 17th. Cowen set a $7.00 price objective on Himax Technologies and gave the company a “hold” rating in a research report on Thursday, August 9th. ValuEngine cut Himax Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Roth Capital raised Himax Technologies from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Monday, October 1st. Finally, Macquarie cut Himax Technologies from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $12.00 to $6.00 in a research report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.39.

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Himax Technologies Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.

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Institutional Ownership by Quarter for Himax Technologies (NASDAQ:HIMX)

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