Himax Technologies, Inc. (HIMX) Holdings Cut by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,100 shares of the semiconductor company’s stock after selling 5,200 shares during the period. California Public Employees Retirement System owned approximately 0.30% of Himax Technologies worth $5,619,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new stake in Himax Technologies during the second quarter valued at about $126,000. Private Advisor Group LLC boosted its holdings in Himax Technologies by 19.7% during the second quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 2,850 shares during the period. Janney Montgomery Scott LLC bought a new stake in Himax Technologies during the third quarter valued at about $193,000. BlueCrest Capital Management Ltd acquired a new position in shares of Himax Technologies during the second quarter valued at about $145,000. Finally, Northern Trust Corp raised its position in shares of Himax Technologies by 9.7% during the second quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 1,583 shares during the last quarter. Institutional investors own 26.90% of the company’s stock.

Himax Technologies, Inc. (NASDAQ:HIMX) opened at $10.85 on Friday. Himax Technologies, Inc. has a 52-week low of $4.88 and a 52-week high of $13.95. The stock has a market cap of $1,880.00, a PE ratio of 180.83, a P/E/G ratio of 1.77 and a beta of 0.85.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Himax Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Lake Street Capital set a $13.00 price objective on shares of Himax Technologies and gave the company a “buy” rating in a research report on Thursday, December 28th. Vetr raised shares of Himax Technologies from a “buy” rating to a “strong-buy” rating and set a $14.86 price objective for the company in a research report on Tuesday, December 5th. Morgan Stanley lowered shares of Himax Technologies from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective for the company. in a research report on Monday, November 27th. Finally, Oppenheimer reaffirmed a “sell” rating and set a $4.00 price objective on shares of Himax Technologies in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $10.40.

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About Himax Technologies

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.

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

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