GAMMA Investing LLC Boosts Stake in Himax Technologies, Inc. (NASDAQ:HIMX)

GAMMA Investing LLC increased its position in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 788.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,463 shares of the semiconductor company's stock after buying 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 reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Himax Technologies during the fourth quarter worth about $28,000. Barclays PLC lifted its position in 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 purchasing an additional 1,187 shares during the period. Waverly Advisors LLC purchased a new stake in shares of Himax Technologies in the fourth quarter valued at approximately $83,000. Raymond James Financial Inc. purchased a new stake in shares of Himax Technologies during the 4th quarter worth $106,000. Finally, Orion Portfolio Solutions LLC acquired a new position in Himax Technologies during the fourth quarter worth about $107,000. Hedge funds and other institutional investors own 69.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HIMX. Morgan Stanley initiated 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 cut Himax Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Himax Technologies Trading Up 3.3%

HIMX traded up $0.29 during trading on Wednesday, hitting $9.27. The company's stock had a trading volume of 440,090 shares, compared to its average volume of 1,866,079. Himax Technologies, Inc. has a twelve month low of $5.12 and a twelve month high of $13.91. The stock has a market cap of $1.62 billion, a PE ratio of 20.49 and a beta of 2.17. The firm's 50 day moving average price is $7.49 and its 200-day moving average price is $8.17. 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 (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, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $215.13 million during the quarter, compared to analysts' expectations of $207.10 million. Himax Technologies had a return on equity of 9.09% and a net margin of 8.80%. The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS.

Himax Technologies Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be issued 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 presently 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.