CI Investments Inc. Invests $7.28 Million in Himax Technologies, Inc. (HIMX)

CI Investments Inc. bought a new position in shares of Himax Technologies, Inc. (NASDAQ:HIMX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 665,700 shares of the semiconductor company’s stock, valued at approximately $7,276,000. CI Investments Inc. owned approximately 0.39% of Himax Technologies at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HIMX. FMR LLC grew its holdings in Himax Technologies by 54.9% during the 2nd quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock valued at $74,253,000 after buying an additional 3,209,380 shares in the last quarter. Kayak Investment Partners LLC grew its holdings in Himax Technologies by 22.3% during the 2nd quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock valued at $21,598,000 after buying an additional 479,400 shares in the last quarter. Dalton Investments LLC grew its holdings in Himax Technologies by 8.6% during the 3rd quarter. Dalton Investments LLC now owns 2,107,536 shares of the semiconductor company’s stock valued at $23,035,000 after buying an additional 166,970 shares in the last quarter. California Public Employees Retirement System grew its holdings in Himax Technologies by 0.8% during the 2nd quarter. California Public Employees Retirement System now owns 519,300 shares of the semiconductor company’s stock valued at $4,258,000 after buying an additional 4,300 shares in the last quarter. Finally, Verition Fund Management LLC grew its holdings in Himax Technologies by 112.0% during the 2nd quarter. Verition Fund Management LLC now owns 303,622 shares of the semiconductor company’s stock valued at $2,490,000 after buying an additional 160,422 shares in the last quarter. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Himax Technologies, Inc. (HIMX) traded up $0.49 on Wednesday, reaching $10.69. The company’s stock had a trading volume of 4,686,000 shares, compared to its average volume of 5,112,569. The stock has a market cap of $1,754.44, a P/E ratio of 170.00, a P/E/G ratio of 4.08 and a beta of 0.69. Himax Technologies, Inc. has a one year low of $4.88 and a one year high of $11.97.

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Several equities analysts have weighed in on the company. Oppenheimer Holdings, Inc. restated a “sell” rating and set a $4.00 price target on shares of Himax Technologies in a report on Friday, November 10th. Robert W. Baird raised their price objective on Himax Technologies from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Zacks Investment Research lowered Himax Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Instinet reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Himax Technologies in a research note on Friday, October 13th. Finally, Mizuho lowered Himax Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.09.

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

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