1,168,155 Shares in Himax Technologies, Inc. (NASDAQ:HIMX) Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has acquired 1,168,155 shares of Himax Technologies, Inc. for approximately $8.586 million, increasing its stake to 0.67% of the company.
• The company reported $0.11 earnings per share for the last quarter, exceeding analysts' expectations, with revenues rising by 3.6% year-over-year to $215.13 million.
• Himax Technologies announced a $0.29 annual dividend with a yield of 3.7%, reflecting a dividend payout ratio of 73.47%.

Allianz Asset Management GmbH acquired a new position in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,168,155 shares of the semiconductor company's stock, valued at approximately $8,586,000. Allianz Asset Management GmbH owned 0.67% of Himax Technologies as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its stake in shares of 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 buying an additional 116,088 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Himax Technologies by 346.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company's stock valued at $31,153,000 after buying an additional 3,006,311 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Himax Technologies during the 4th quarter valued at $18,431,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Himax Technologies by 16.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,230,791 shares of the semiconductor company's stock valued at $16,396,000 after buying an additional 321,755 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of Himax Technologies by 25.8% during the 4th quarter. Two Sigma Advisers LP now owns 916,000 shares of the semiconductor company's stock valued at $7,365,000 after buying an additional 187,600 shares during the period. Institutional investors and hedge funds own 69.81% of the company's stock.

Analyst Ratings Changes

Separately, Morgan Stanley began coverage on shares of Himax Technologies in a research note on Friday, May 9th. They set an "overweight" rating and a $8.80 target price for the company.

Himax Technologies Trading Down 0.3%

Shares of NASDAQ:HIMX opened at $9.54 on Friday. The firm has a fifty day moving average of $9.00 and a two-hundred day moving average of $8.65. The firm has a market capitalization of $1.67 billion, a P/E ratio of 19.47 and a beta of 2.15. Himax Technologies, Inc. has a 12-month low of $5.12 and a 12-month high of $13.91. The company has a quick ratio of 1.52, a current ratio of 1.71 and a debt-to-equity ratio of 0.03.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $215.13 million for the quarter, compared to the consensus estimate of $207.10 million. Himax Technologies had a net margin of 9.54% and a return on equity of 9.83%. Himax Technologies's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS.

Himax Technologies Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were issued a $0.29 dividend. The ex-dividend date was Monday, June 30th. This represents a yield of 3.7%. Himax Technologies's dividend payout ratio (DPR) is presently 73.47%.

Himax Technologies Company 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.

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