Summit Securities Group LLC purchased a new position in Himax Technologies, Inc. (NASDAQ:HIMX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 43,000 shares of the semiconductor company’s stock, valued at approximately $470,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Counsel Inc bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $109,000. Bank of New York Mellon Corp lifted its holdings in shares of Himax Technologies by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 77 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $126,000. Private Advisor Group LLC lifted its holdings in shares of Himax Technologies by 19.7% in the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 2,850 shares during the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Himax Technologies in the 2nd quarter worth approximately $145,000. 21.64% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Himax Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Roth Capital raised their target price on Himax Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, September 26th. Vetr cut Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $12.04 target price on the stock. in a research report on Monday, October 2nd. Credit Suisse Group upgraded Himax Technologies from a “neutral” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, August 4th. Finally, Oppenheimer Holdings, Inc. restated a “sell” rating and issued a $4.00 target price on shares of Himax Technologies in a research report on Thursday, September 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $10.03.
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Himax Technologies Profile
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
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