Kayak Investment Partners LLC Has $21.60 Million Stake in Himax Technologies, Inc. (HIMX)
Kayak Investment Partners LLC raised its stake in Himax Technologies, Inc. (NASDAQ:HIMX) by 22.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,633,900 shares of the semiconductor company’s stock after purchasing an additional 479,400 shares during the period. Himax Technologies accounts for approximately 10.5% of Kayak Investment Partners LLC’s holdings, making the stock its 3rd biggest holding. Kayak Investment Partners LLC’s holdings in Himax Technologies were worth $21,598,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HIMX. Stifel Financial Corp acquired a new stake in shares of Himax Technologies in the 2nd quarter valued at about $126,000. Bayesian Capital Management LP bought a new position in shares of Himax Technologies during the second quarter worth about $272,000. California Public Employees Retirement System lifted its position in shares of Himax Technologies by 0.8% during the second quarter. California Public Employees Retirement System now owns 519,300 shares of the semiconductor company’s stock worth $4,258,000 after purchasing an additional 4,300 shares during the last quarter. FMR LLC lifted its position in shares of Himax Technologies by 54.9% during the second quarter. FMR LLC now owns 9,055,317 shares of the semiconductor company’s stock worth $74,253,000 after purchasing an additional 3,209,380 shares during the last quarter. Finally, Northern Trust Corp lifted 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 worth $145,000 after purchasing an additional 1,583 shares during the last quarter. 21.70% of the stock is owned by institutional investors.
Himax Technologies, Inc. (NASDAQ HIMX) traded down 0.703% on Wednesday, reaching $10.873. 1,839,686 shares of the company’s stock were exchanged. Himax Technologies, Inc. has a 12 month low of $4.88 and a 12 month high of $11.97. Himax Technologies also was the recipient of unusually large options trading on Monday. Stock traders purchased 4,945 put options on the stock. This represents an increase of 112% compared to the typical volume of 2,337 put options.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Himax Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday. Vetr upgraded Himax Technologies from a “buy” rating to a “strong-buy” rating and set a $13.02 price objective on the stock in a research note on Tuesday. Lake Street Capital raised Himax Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.50 to $13.00 in a report on Thursday, September 28th. Instinet reaffirmed a “buy” rating and set a $12.00 target price (up previously from $10.00) on shares of Himax Technologies in a report on Tuesday, September 26th. Finally, Roth Capital lifted their target price on Himax Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $10.03.
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Himax Technologies Company 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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