Himax Technologies, Inc. (ADR) (HIMX): Hedge Funds and Insiders Are Bearish, What Should You Do?

Page 1 of 2

Is Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) a bargain? Hedge funds are getting less optimistic. The number of bullish hedge fund positions decreased by 1 recently.

In the financial world, there are dozens of gauges shareholders can use to monitor publicly traded companies. A duo of the most useful are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the top picks of the elite hedge fund managers can trounce the market by a superb amount (see just how much).

Equally as beneficial, bullish insider trading activity is another way to break down the investments you’re interested in. There are many reasons for a bullish insider to drop shares of his or her company, but just one, very clear reason why they would initiate a purchase. Several academic studies have demonstrated the valuable potential of this strategy if piggybackers know where to look (learn more here).

Consequently, let’s take a peek at the key action regarding Himax Technologies, Inc. (ADR) (NASDAQ:HIMX).

How have hedgies been trading Himax Technologies, Inc. (ADR) (NASDAQ:HIMX)?

At the end of the fourth quarter, a total of 6 of the hedge funds we track held long positions in this stock, a change of -14% from the previous quarter. With hedge funds’ positions undergoing their usual ebb and flow, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes meaningfully.

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX)According to our comprehensive database, Dalton Investments, managed by Gifford Combs, holds the biggest position in Himax Technologies, Inc. (ADR) (NASDAQ:HIMX). Dalton Investments has a $24.7 million position in the stock, comprising 7.2% of its 13F portfolio. On Dalton Investments’s heels is Renaissance Technologies, managed by Jim Simons, which held a $6.3 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Other peers with similar optimism include John Overdeck and David Siegel’s Two Sigma Advisors, Israel Englander’s Millennium Management and D. E. Shaw’s D E Shaw.

Judging by the fact that Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has faced bearish sentiment from the smart money, logic holds that there were a few funds who were dropping their entire stakes at the end of the year. At the top of the heap, Andrew Wallach’s Cumberland Associates dropped the biggest position of the “upper crust” of funds we monitor, valued at an estimated $0.1 million in stock. These moves are interesting, as total hedge fund interest was cut by 1 funds at the end of the year.

Insider trading activity in Himax Technologies, Inc. (ADR) (NASDAQ:HIMX)

Insider trading activity, especially when it’s bullish, is most useful when the company in question has seen transactions within the past 180 days. Over the latest 180-day time frame, Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Himax Technologies, Inc. (ADR) (NASDAQ:HIMX). These stocks are JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO), SolarCity Corp (NASDAQ:SCTY), Magnachip Semiconductor Corp (NYSE:MX), Lattice Semiconductor (NASDAQ:LSCC), and Monolithic Power Systems, Inc. (NASDAQ:MPWR). This group of stocks belong to the semiconductor – specialized industry and their market caps match HIMX’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!