Millennium Management LLC Has $997,000 Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

Millennium Management LLC decreased its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 67.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 123,975 shares of the semiconductor company's stock after selling 255,445 shares during the period. Millennium Management LLC owned approximately 0.07% of Himax Technologies worth $997,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Lazard Asset Management LLC raised its position in shares of 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. Arrowstreet Capital Limited Partnership raised its position in shares of Himax Technologies by 28.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company's stock worth $5,583,000 after purchasing an additional 152,982 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Himax Technologies by 48.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 493,086 shares of the semiconductor company's stock valued at $3,738,000 after purchasing an additional 161,163 shares in the last quarter. Stifel Financial Corp grew its position in shares of Himax Technologies by 0.3% in the 4th quarter. Stifel Financial Corp now owns 471,801 shares of the semiconductor company's stock valued at $3,793,000 after purchasing an additional 1,275 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Himax Technologies by 1.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 217,671 shares of the semiconductor company's stock worth $1,750,000 after purchasing an additional 4,143 shares in the last quarter. Institutional investors and hedge funds own 69.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Himax Technologies from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley started coverage on shares of Himax Technologies in a research note on Friday, May 9th. They issued an "overweight" rating and a $8.80 target price for the company.

Himax Technologies Stock Up 1.6%

Shares of NASDAQ HIMX traded up $0.14 during midday trading on Monday, reaching $8.83. The company's stock had a trading volume of 1,146,068 shares, compared to its average volume of 1,869,419. The stock has a 50 day simple moving average of $7.42 and a 200-day simple moving average of $8.14. The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.62 and a beta of 2.16. Himax Technologies, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $13.91.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted 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. Himax Technologies had a net margin of 8.80% and a return on equity of 9.09%. The company had revenue of $215.13 million during the quarter, compared to the consensus estimate of $207.10 million. During the same period in the prior year, the business posted $0.07 EPS. The company's quarterly revenue was up 3.6% on a year-over-year basis.

Himax Technologies Dividend Announcement

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

Himax Technologies 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.