Two Sigma Advisers LP Boosts Stake in Himax Technologies, Inc. (NASDAQ:HIMX)

Two Sigma Advisers LP boosted its stake in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 25.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 916,000 shares of the semiconductor company's stock after acquiring an additional 187,600 shares during the period. Two Sigma Advisers LP owned 0.52% of Himax Technologies worth $7,365,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in Himax Technologies in the 4th quarter valued at about $164,000. Robeco Institutional Asset Management B.V. increased its position in Himax Technologies by 14.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,909,036 shares of the semiconductor company's stock valued at $15,349,000 after acquiring an additional 243,178 shares during the period. QRG Capital Management Inc. acquired a new position in Himax Technologies in the 4th quarter valued at about $167,000. Lazard Asset Management LLC increased its position in Himax Technologies by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock valued at $35,033,000 after acquiring an additional 116,088 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Himax Technologies by 28.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company's stock valued at $5,583,000 after acquiring an additional 152,982 shares during the period. Institutional investors and hedge funds own 69.81% of the company's stock.

Analysts Set New Price Targets

HIMX has been the topic of several recent analyst reports. Wall Street Zen cut Himax Technologies from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley initiated coverage on Himax Technologies in a research report on Friday, May 9th. They set an "overweight" rating and a $8.80 target price on the stock.

Himax Technologies Stock Performance

NASDAQ HIMX traded down $0.02 on Thursday, hitting $8.39. 498,603 shares of the company's stock were exchanged, compared to its average volume of 1,843,131. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.43. The firm's 50-day moving average price is $7.34 and its two-hundred day moving average price is $7.95. Himax Technologies, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $13.91. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 18.63 and a beta of 2.09.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last released 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. The business had revenue of $215.13 million for 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 company's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS.

Himax Technologies Dividend Announcement

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