Shares of Himax Technologies, Inc. (NASDAQ:HIMX – Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $4.90 and last traded at $4.92, with a volume of 96899 shares traded. The stock had previously closed at $4.96.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Himax Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th.
View Our Latest Stock Report on HIMX
Himax Technologies Price Performance
Himax Technologies (NASDAQ:HIMX – Get Free Report) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Himax Technologies had a return on equity of 6.42% and a net margin of 5.35%. The business had revenue of $227.70 million during the quarter, compared to the consensus estimate of $226.80 million. During the same period in the previous year, the business earned $0.24 EPS. The business’s quarterly revenue was down 13.2% on a year-over-year basis.
Institutional Investors Weigh In On Himax Technologies
Several institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in shares of Himax Technologies by 78.0% during the 2nd quarter. Lazard Asset Management LLC now owns 6,208,354 shares of the semiconductor company’s stock worth $41,906,000 after purchasing an additional 2,721,171 shares during the period. Point72 Asset Management L.P. acquired a new stake in Himax Technologies in the 4th quarter valued at $7,881,000. Marshall Wace LLP grew its stake in Himax Technologies by 203.5% in the second quarter. Marshall Wace LLP now owns 1,361,844 shares of the semiconductor company’s stock worth $9,192,000 after purchasing an additional 913,149 shares in the last quarter. Renaissance Technologies LLC grew its stake in Himax Technologies by 268.9% in the first quarter. Renaissance Technologies LLC now owns 1,035,161 shares of the semiconductor company’s stock worth $11,242,000 after purchasing an additional 754,583 shares in the last quarter. Finally, UBS Group AG boosted its stake in Himax Technologies by 302.3% in the fourth quarter. UBS Group AG now owns 1,002,825 shares of the semiconductor company’s stock valued at $6,087,000 after acquiring an additional 753,574 shares during the period. Hedge funds and other institutional investors own 69.81% of the company’s stock.
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, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.
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