Himax Technologies, Inc. (NASDAQ:HIMX) Shares Purchased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management Inc. has increased its stake in Himax Technologies, owning approximately 0.14% of the company, valued at $1.82 million after a 13.8% increase in shares during Q1.
• Himax Technologies' recent earnings report indicated a revenue of $215.13 million for the quarter, surpassing analyst expectations, and marked a 3.6% year-over-year growth.
• The company announced a dividend of $0.29 per share, reflecting a dividend yield of 3.7% with a payout ratio of 73.47%.

Envestnet Asset Management Inc. raised its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 13.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247,685 shares of the semiconductor company's stock after buying an additional 30,014 shares during the quarter. Envestnet Asset Management Inc. owned about 0.14% of Himax Technologies worth $1,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Himax Technologies by 20.9% in the 1st quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company's stock valued at $91,000 after acquiring an additional 2,154 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Himax Technologies by 2.7% in the fourth quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock worth $35,033,000 after purchasing an additional 116,088 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Himax Technologies by 28.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company's stock valued at $5,583,000 after purchasing an additional 152,982 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Himax Technologies by 346.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company's stock worth $31,153,000 after purchasing an additional 3,006,311 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Himax Technologies by 160.2% during the fourth quarter. Jane Street Group LLC now owns 132,435 shares of the semiconductor company's stock worth $1,065,000 after purchasing an additional 81,535 shares during the period. Institutional investors and hedge funds own 69.81% of the company's stock.

Himax Technologies Stock Performance

Shares of Himax Technologies stock traded down $0.21 on Friday, reaching $8.65. 860,241 shares of the company were exchanged, compared to its average volume of 900,457. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 17.65 and a beta of 2.21. Himax Technologies, Inc. has a 1-year low of $5.12 and a 1-year high of $13.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.71. The company's 50-day moving average is $9.07 and its two-hundred day moving average is $8.70.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.11 EPS for the quarter, topping 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 9.83% and a net margin of 9.54%. The firm's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS.

Himax Technologies Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were given a $0.29 dividend. The ex-dividend date was Monday, June 30th. This represents a yield of 370.0%. Himax Technologies's dividend payout ratio (DPR) is currently 73.47%.

Wall Street Analyst Weigh In

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

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.