Himax Technologies, Inc. (NASDAQ:HIMX) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 74.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,104 shares of the semiconductor company's stock after selling 219,106 shares during the period. BNP Paribas Financial Markets' holdings in Himax Technologies were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HIMX. Ballentine Partners LLC raised its stake in Himax Technologies by 47.6% in the fourth quarter. Ballentine Partners LLC now owns 38,510 shares of the semiconductor company's stock worth $310,000 after buying an additional 12,418 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Himax Technologies during the fourth quarter worth $164,000. Blue Trust Inc. increased its position in shares of Himax Technologies by 58.2% during the fourth quarter. Blue Trust Inc. now owns 47,016 shares of the semiconductor company's stock worth $378,000 after purchasing an additional 17,291 shares in the last quarter. Foster Group Inc. acquired a new position in shares of Himax Technologies during the fourth quarter worth $100,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Himax Technologies by 14.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,909,036 shares of the semiconductor company's stock worth $15,349,000 after purchasing an additional 243,178 shares in the last quarter. Institutional investors own 69.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Himax Technologies in a research report on Friday, May 9th. They set an "overweight" rating and a $8.80 price target on the stock. Wall Street Zen downgraded Himax Technologies from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

Himax Technologies Stock Performance

Shares of HIMX traded down $0.18 during trading hours on Wednesday, reaching $8.44. 719,883 shares of the company traded hands, compared to its average volume of 1,841,162. The stock has a market capitalization of $1.48 billion, a P/E ratio of 18.81 and a beta of 2.09. The company has a quick ratio of 1.43, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. Himax Technologies, Inc. has a 12-month low of $5.12 and a 12-month high of $13.91. The business has a fifty day moving average price of $7.34 and a 200-day moving average price of $7.95.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $215.13 million for the quarter, compared to analyst estimates of $207.10 million. Himax Technologies had a net margin of 8.80% and a return on equity of 9.09%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share.

Himax Technologies Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be given a $0.29 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 3.7%. Himax Technologies's dividend payout ratio (DPR) is currently 148.98%.

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.