Headwater Capital Co Ltd Invests $3.68 Million in Himax Technologies, Inc. (NASDAQ:HIMX)

Key Points

• Headwater Capital Co Ltd has acquired a new position in Himax Technologies, investing approximately $3.68 million to purchase 500,000 shares, now constituting 1.7% of its investment portfolio.
• Himax Technologies reported earnings of $0.11 per share for the last quarter, surpassing analysts' estimates, with a revenue increase of 3.6% year-over-year.
• The company recently announced an annual dividend of $0.29 per share, resulting in a staggering yield of 370.0%.

Headwater Capital Co Ltd purchased a new stake in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 500,000 shares of the semiconductor company's stock, valued at approximately $3,675,000. Himax Technologies accounts for approximately 1.7% of Headwater Capital Co Ltd's holdings, making the stock its 9th largest holding. Headwater Capital Co Ltd owned approximately 0.29% of Himax Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthquest Corp acquired a new position in shares of Himax Technologies during the first quarter worth $27,000. Barclays PLC grew its stake in shares of Himax Technologies by 38.8% during the fourth quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 1,187 shares in the last quarter. JNBA Financial Advisors acquired a new position in shares of Himax Technologies during the first quarter worth $33,000. Waverly Advisors LLC acquired a new position in shares of Himax Technologies during the fourth quarter worth $83,000. Finally, GAMMA Investing LLC grew its stake in shares of Himax Technologies by 20.9% during the first quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company's stock worth $91,000 after purchasing an additional 2,154 shares in the last quarter. Hedge funds and other institutional investors own 69.81% of the company's stock.

Analysts Set New Price Targets

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

Himax Technologies Price Performance

HIMX traded down $0.03 on Tuesday, hitting $8.65. 579,791 shares of the company were exchanged, compared to its average volume of 2,375,324. The business's fifty day moving average is $9.08 and its 200 day moving average is $8.70. The firm has a market capitalization of $1.51 billion, a P/E ratio of 17.65 and a beta of 2.21. Himax Technologies, Inc. has a fifty-two week low of $5.12 and a fifty-two week 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.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Himax Technologies had a net margin of 9.54% and a return on equity of 9.83%. The company had revenue of $215.13 million for the quarter, compared to the consensus estimate of $207.10 million. During the same quarter last year, the firm posted $0.07 earnings per share. Himax Technologies's revenue was up 3.6% on a year-over-year basis.

Himax Technologies Dividend Announcement

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

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.