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

Point72 Hong Kong Ltd acquired a new position in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,292,403 shares of the semiconductor company's stock, valued at approximately $18,431,000. Himax Technologies accounts for approximately 1.1% of Point72 Hong Kong Ltd's investment portfolio, making the stock its 21st biggest holding. Point72 Hong Kong Ltd owned about 1.31% of Himax Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Himax Technologies in the 4th quarter valued at about $28,000. Barclays PLC lifted its holdings in Himax Technologies by 38.8% in the 4th quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 1,187 shares during the last quarter. Foster Group Inc. purchased a new stake in shares of Himax Technologies during the fourth quarter valued at $100,000. Raymond James Financial Inc. purchased a new stake in Himax Technologies during the fourth quarter valued at about $106,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Himax Technologies during the fourth quarter valued at about $107,000. 69.81% of the stock is owned by institutional investors and hedge funds.

Himax Technologies Stock Performance

HIMX traded up $0.12 during trading on Tuesday, reaching $8.46. 399,684 shares of the company's stock were exchanged, compared to its average volume of 1,830,256. The business has a 50 day moving average price of $7.41 and a 200 day moving average price of $7.86. The company has a quick ratio of 1.43, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.48 billion, a P/E ratio of 18.82 and a beta of 2.09. Himax Technologies, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $13.91.

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

Himax Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently issued reports on HIMX. Morgan Stanley began coverage on shares of 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 downgraded Himax Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Himax Technologies Profile

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.