D. E. Shaw & Co. Inc. Sells 392,527 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

D. E. Shaw & Co. Inc. trimmed its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 79.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,591 shares of the semiconductor company's stock after selling 392,527 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.06% of Himax Technologies worth $825,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HIMX. SBI Securities Co. Ltd. acquired a new position in shares of Himax Technologies during the fourth quarter worth approximately $28,000. Barclays PLC raised its position 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 buying an additional 1,187 shares during the last quarter. Foster Group Inc. purchased a new stake in Himax Technologies in the 4th quarter valued at $100,000. Raymond James Financial Inc. purchased a new stake in Himax Technologies in the 4th quarter valued at $106,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Himax Technologies in the 4th quarter valued at $107,000. 69.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on HIMX. Morgan Stanley began 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. Wall Street Zen lowered Himax Technologies from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

Himax Technologies Stock Up 5.0%

NASDAQ HIMX traded up $0.41 on Tuesday, reaching $8.62. The company had a trading volume of 1,778,871 shares, compared to its average volume of 1,845,557. The stock has a market capitalization of $1.51 billion, a P/E ratio of 19.16 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. The company's fifty day moving average is $7.34 and its 200 day moving average is $7.95. 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 announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $215.13 million during the quarter, compared to the consensus estimate of $207.10 million. Himax Technologies had a return on equity of 9.09% and a net margin of 8.80%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS.

Himax Technologies Announces Dividend

The firm also recently disclosed 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 yield of 3.7%. Himax Technologies's dividend payout ratio (DPR) is presently 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.