GAMMA Investing LLC Grows Stock Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

GAMMA Investing LLC increased its holdings in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 788.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,463 shares of the semiconductor company's stock after acquiring an additional 81,173 shares during the period. GAMMA Investing LLC owned about 0.05% of Himax Technologies worth $6,720,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Himax Technologies in the fourth quarter valued at approximately $28,000. Barclays PLC grew its holdings in shares of Himax Technologies by 38.8% in the fourth quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 1,187 shares in the last quarter. Waverly Advisors LLC bought a new position in shares of Himax Technologies in the fourth quarter valued at approximately $83,000. Raymond James Financial Inc. bought a new position in shares of Himax Technologies in the fourth quarter valued at approximately $106,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Himax Technologies in the fourth quarter valued at approximately $107,000. 69.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HIMX shares. Wall Street Zen lowered Himax Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Morgan Stanley started coverage on Himax Technologies in a report on Friday, May 9th. They set an "overweight" rating and a $8.80 price objective for the company.

Himax Technologies Stock Performance

NASDAQ HIMX traded down $0.23 on Friday, hitting $8.88. 827,343 shares of the stock traded hands, compared to its average volume of 1,873,166. The business's fifty day moving average is $7.61 and its two-hundred day moving average is $8.21. Himax Technologies, Inc. has a 12 month low of $5.12 and a 12 month high of $13.91. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 19.73 and a beta of 2.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.43 and a current ratio of 1.65.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its quarterly earnings results 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 analyst estimates 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 period last year, the company earned $0.07 earnings per share.

Himax Technologies Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be paid a dividend of $0.29 per share. This represents a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 30th. Himax Technologies's dividend payout ratio is 148.98%.

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.