Renaissance Technologies LLC increased its stake in Himax Technologies, Inc. (NASDAQ:HIMX – Free Report) by 233.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 647,461 shares of the semiconductor company’s stock after buying an additional 453,200 shares during the period. Renaissance Technologies LLC owned about 0.37% of Himax Technologies worth $5,096,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Wealth LLC increased its position in shares of Himax Technologies by 18.0% in the 1st quarter. NewEdge Wealth LLC now owns 23,256 shares of the semiconductor company’s stock worth $183,000 after purchasing an additional 3,549 shares during the last quarter. Himension Capital Singapore PTE. LTD. acquired a new position in Himax Technologies in the first quarter worth about $485,000. Parallel Advisors LLC increased its holdings in Himax Technologies by 22.1% in the first quarter. Parallel Advisors LLC now owns 13,725 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 2,482 shares during the last quarter. SEB Asset Management AB bought a new stake in Himax Technologies in the first quarter valued at about $214,000. Finally, SmartHarvest Portfolios LLC acquired a new stake in Himax Technologies during the first quarter valued at approximately $105,000. 69.81% of the stock is owned by institutional investors and hedge funds.
Himax Technologies Stock Performance
Himax Technologies stock opened at $13.76 on Friday. The company has a market cap of $2.40 billion, a PE ratio of 70.21 and a beta of 2.30. The company has a fifty day moving average price of $15.74 and a two-hundred day moving average price of $12.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.62 and a quick ratio of 1.42. Himax Technologies, Inc. has a 12 month low of $6.85 and a 12 month high of $25.09.
More Himax Technologies News
Here are the key news stories impacting Himax Technologies this week:
- Positive Sentiment: Q2 results exceeded company guidance: Revenue rose 14.2% sequentially to $227.4 million, ahead of the $223.0 million consensus estimate, while diluted EPS of $0.11 topped expectations of $0.10. Revenue increased 5.9% year over year. Himax Q2 Earnings Snapshot
- Positive Sentiment: Profitability improved: Gross margin reached 33.1%, above the approximately 32% target, helped by a favorable mix of higher-margin automotive products. After-tax profit increased to $19.9 million from $8.0 million in Q1 and $16.5 million a year earlier. Himax Second Quarter Results
- Positive Sentiment: Q3 outlook was stronger on revenue: Himax expects revenue to increase 7% to 11% sequentially to approximately $243.3 million-$252.4 million, above the $238.7 million analyst consensus. Gross margin is projected at about 34%. Himax Q2 Results and Q3 Guidance
- Positive Sentiment: Automotive momentum remains the key growth driver: Automotive IC sales grew at a double-digit sequential rate, represented more than half of Q2 revenue, and are expected to grow by double digits for full-year 2026. Investors also received longer-term catalysts from smart-glasses products using WiseEye technology and Co-Packaged Optics projects expected to contribute meaningfully beginning in 2027.
About Himax Technologies
Himax Technologies, Inc (NASDAQ: HIMX) is a fabless semiconductor company specializing in display imaging technologies. The company designs and develops a comprehensive portfolio of display driver integrated circuits (DDICs), timing controllers, and other high-speed interface chips that enable high-resolution panels for a wide array of electronic devices. Himax’s solutions are tailored to support both LCD and OLED displays, ensuring compatibility with television sets, desktop monitors, laptops, tablets, smartphones and wearable devices.
In addition to core display driver products, Himax offers wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions for applications in augmented reality (AR) and virtual reality (VR) headsets.
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