Cibc World Market Inc. Sells 31,014 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Cibc World Market Inc. reduced its position in shares of Himax Technologies, Inc. (NASDAQ:HIMXGet Rating) by 64.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,274 shares of the semiconductor company’s stock after selling 31,014 shares during the period. Cibc World Market Inc.’s holdings in Himax Technologies were worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in HIMX. Stiles Financial Services Inc boosted its holdings in Himax Technologies by 12.4% in the first quarter. Stiles Financial Services Inc now owns 13,575 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 1,500 shares during the last quarter. Alta Advisers Ltd boosted its holdings in Himax Technologies by 23.9% in the second quarter. Alta Advisers Ltd now owns 8,300 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 1,600 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Himax Technologies by 160.0% in the first quarter. New York State Common Retirement Fund now owns 3,161 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 1,945 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Himax Technologies by 18.1% in the second quarter. Commonwealth Equity Services LLC now owns 30,964 shares of the semiconductor company’s stock valued at $231,000 after acquiring an additional 4,749 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Himax Technologies by 3.4% in the first quarter. Citigroup Inc. now owns 181,203 shares of the semiconductor company’s stock valued at $1,968,000 after acquiring an additional 5,910 shares during the last quarter. 17.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on HIMX shares. TheStreet cut Himax Technologies from a “b-” rating to a “c+” rating in a report on Tuesday, September 13th. StockNews.com upgraded Himax Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 19th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.67.

Himax Technologies Price Performance

Himax Technologies stock opened at $7.16 on Friday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 3.71 and a beta of 1.91. Himax Technologies, Inc. has a 52-week low of $4.81 and a 52-week high of $16.50. The stock’s 50 day moving average price is $5.84 and its two-hundred day moving average price is $7.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.31 and a current ratio of 1.86.

About Himax Technologies

(Get Rating)

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

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