Himax Technologies, Inc. (NASDAQ:HIMX) Shares Sold by Polunin Capital Partners Ltd

Polunin Capital Partners Ltd reduced its stake in Himax Technologies, Inc. (NASDAQ:HIMX) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 779,368 shares of the semiconductor company’s stock after selling 21,400 shares during the quarter. Himax Technologies accounts for 1.0% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 16th largest position. Polunin Capital Partners Ltd owned 0.45% of Himax Technologies worth $4,287,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HIMX. Summit Securities Group LLC lifted its stake in Himax Technologies by 1,400.0% during the 2nd quarter. Summit Securities Group LLC now owns 4,500 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 4,200 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Himax Technologies by 56.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 2,487 shares during the period. Blue Trust Inc. grew its holdings in Himax Technologies by 77,712.5% during the 2nd quarter. Blue Trust Inc. now owns 6,225 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 6,217 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Himax Technologies in the 1st quarter valued at approximately $54,000. Finally, Aprio Wealth Management LLC acquired a new stake in shares of Himax Technologies in the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 69.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Himax Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Himax Technologies Stock Down 1.3 %

Shares of NASDAQ:HIMX traded down $0.08 during trading on Friday, hitting $6.16. 520,016 shares of the company were exchanged, compared to its average volume of 773,100. The firm’s 50 day moving average price is $5.77 and its 200-day moving average price is $6.25. Himax Technologies, Inc. has a 12-month low of $4.80 and a 12-month high of $8.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.32. The stock has a market capitalization of $1.08 billion, a P/E ratio of 14.33 and a beta of 2.11.

Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Friday, August 9th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Himax Technologies had a return on equity of 8.94% and a net margin of 8.42%. The firm had revenue of $239.60 million during the quarter, compared to analysts’ expectations of $232.78 million. During the same period in the prior year, the firm earned $0.01 EPS. The business’s revenue was up 2.0% on a year-over-year basis.

Himax Technologies 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.