As Himax Technologies INC (HIMX) Share Value Declined, Quentec Asset Management LLC Boosted Its Stake by $5.91 Million

February 14, 2018 - By Migdalia James

Quentec Asset Management Llc increased its stake in Himax Technologies Inc (HIMX) by 28.5% based on its latest 2017Q3 regulatory filing with the SEC. Quentec Asset Management Llc bought 591,273 shares as the company’s stock declined 2.59% while stock markets rallied. The hedge fund held 2.67 million shares of the technology company at the end of 2017Q3, valued at $29.14 million, up from 2.07 million at the end of the previous reported quarter. Quentec Asset Management Llc who had been investing in Himax Technologies Inc for a number of months, seems to be bullish on the $1.41B market cap company. The stock decreased 1.09% or $0.09 during the last trading session, reaching $8.2. About 6.65 million shares traded or 14.47% up from the average. Himax Technologies, Inc. (NASDAQ:HIMX) has declined 20.28% since February 14, 2017 and is downtrending. It has underperformed by 36.98% the S&P500.

Quentec Asset Management Llc, which manages about $578.63 million and $997.84 million US Long portfolio, decreased its stake in Lumentum Hldgs Inc by 943,369 shares to 641,931 shares, valued at $34.89M in 2017Q3, according to the filing. It also reduced its holding in Shopify Inc (Put) by 907,600 shares in the quarter, leaving it with 514,600 shares, and cut its stake in Micron Technology Inc (NASDAQ:MU).

More notable recent Himax Technologies, Inc. (NASDAQ:HIMX) news were published by: Fool.com which released: “Better Buy: Himax Technologies, Inc. vs. Qualcomm Inc.” on March 21, 2017, also Seekingalpha.com with their article: “Himax Technologies Has Growth Potential” published on January 24, 2018, Benzinga.com published: “22 Stocks Moving In Tuesday’s Pre-Market Session” on February 13, 2018. More interesting news about Himax Technologies, Inc. (NASDAQ:HIMX) were released by: Fool.com and their article: “Why Himax Technologies Inc. (ADR) Stock Plunged Today” published on May 12, 2016 as well as Marketwatch.com‘s news article titled: “Himax Technologies Inc. ADR” with publication date: October 07, 2010.

Himax Technologies, Inc. (NASDAQ:HIMX) Ratings Coverage

Among 12 analysts covering Himax Tech (NASDAQ:HIMX), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. Himax Tech had 49 analyst reports since August 10, 2015 according to SRatingsIntel. As per Wednesday, January 18, the company rating was downgraded by Credit Suisse. The firm earned “Neutral” rating on Friday, August 28 by Credit Suisse. The firm has “Market Perform” rating by Northland Capital given on Wednesday, October 21. Robert W. Baird maintained the stock with “Outperform” rating in Friday, November 10 report. The rating was downgraded by Roth Capital on Wednesday, January 11 to “Neutral”. The rating was initiated by Robert W. Baird on Friday, November 13 with “Outperform”. The rating was downgraded by Morgan Stanley on Monday, November 27 to “Equal-Weight”. As per Thursday, September 7, the company rating was maintained by Oppenheimer. The firm has “Buy” rating given on Friday, August 4 by Credit Suisse. The stock of Himax Technologies, Inc. (NASDAQ:HIMX) earned “Buy” rating by Roth Capital on Wednesday, November 29.

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