Point72 Hong Kong Ltd Invests $18.43 Million in Himax Technologies, Inc. (NASDAQ:HIMX)

Point72 Hong Kong Ltd bought a new stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,292,403 shares of the semiconductor company's stock, valued at approximately $18,431,000. Himax Technologies accounts for about 1.1% of Point72 Hong Kong Ltd's holdings, making the stock its 21st largest holding. Point72 Hong Kong Ltd owned 1.31% of Himax Technologies as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. ProShare Advisors LLC increased its stake in shares of Himax Technologies by 35.4% during the fourth quarter. ProShare Advisors LLC now owns 46,546 shares of the semiconductor company's stock valued at $374,000 after buying an additional 12,171 shares during the period. Lazard Asset Management LLC grew its position in Himax Technologies by 2.7% during the 4th quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock valued at $35,033,000 after purchasing an additional 116,088 shares during the last quarter. Graham Capital Management L.P. lifted its holdings in shares of Himax Technologies by 25.1% during the fourth quarter. Graham Capital Management L.P. now owns 38,038 shares of the semiconductor company's stock valued at $306,000 after purchasing an additional 7,634 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Himax Technologies during the fourth quarter valued at $166,000. Finally, Jane Street Group LLC lifted its holdings in Himax Technologies by 160.2% in the fourth quarter. Jane Street Group LLC now owns 132,435 shares of the semiconductor company's stock valued at $1,065,000 after acquiring an additional 81,535 shares during the period. 69.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HIMX has been the subject of a number of analyst reports. Morgan Stanley started coverage on Himax Technologies in a research report on Friday, May 9th. They issued an "overweight" rating and a $8.80 price target for the company. StockNews.com cut Himax Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Himax Technologies Stock Performance

Himax Technologies stock traded down $0.18 during trading hours on Friday, hitting $8.26. 1,067,829 shares of the stock traded hands, compared to its average volume of 1,839,395. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 18.36 and a beta of 2.09. The firm's 50 day moving average price is $7.42 and its 200-day moving average price is $7.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.43. Himax Technologies, Inc. has a 1 year low of $5.12 and a 1 year high of $13.91.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $215.13 million during the quarter, compared to analysts' expectations of $207.10 million. Himax Technologies had a return on equity of 9.09% and a net margin of 8.80%. The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 EPS.

Himax Technologies Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, June 30th. This represents a yield of 3.7%. Himax Technologies's dividend payout ratio (DPR) is 75.51%.

About Himax Technologies

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.