BNP Paribas Financial Markets Sells 219,106 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

BNP Paribas Financial Markets lowered its stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 74.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HIMX. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Himax Technologies by 14.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,909,036 shares of the semiconductor company's stock valued at $15,349,000 after purchasing an additional 243,178 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Himax Technologies by 28.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company's stock worth $5,583,000 after acquiring an additional 152,982 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Himax Technologies by 48.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 493,086 shares of the semiconductor company's stock worth $3,738,000 after acquiring an additional 161,163 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Himax Technologies by 0.3% in the 4th quarter. Stifel Financial Corp now owns 471,801 shares of the semiconductor company's stock worth $3,793,000 after acquiring an additional 1,275 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Himax Technologies by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 217,671 shares of the semiconductor company's stock valued at $1,750,000 after purchasing an additional 4,143 shares during the last quarter. 69.81% of the stock is owned by institutional investors.

Himax Technologies Stock Performance

Shares of NASDAQ HIMX traded down $0.06 during mid-day trading on Thursday, reaching $8.34. 1,222,035 shares of the company's stock were exchanged, compared to its average volume of 1,850,874. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 18.53 and a beta of 2.09. The firm has a 50-day moving average price of $7.34 and a two-hundred day moving average price of $7.97. 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 52 week low of $5.12 and a 52 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 analysts' consensus estimates of $0.10 by $0.01. Himax Technologies had a net margin of 8.80% and a return on equity of 9.09%. The firm had revenue of $215.13 million during the quarter, compared to the consensus estimate of $207.10 million. During the same period in the prior year, the firm earned $0.07 EPS. The company's revenue was up 3.6% compared to the same quarter last year.

Himax Technologies Announces Dividend

The company 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 $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 payout ratio is presently 148.98%.

Analyst Upgrades and Downgrades

A number of brokerages have 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 objective for the company. Wall Street Zen downgraded Himax Technologies from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.

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.