Millennium Management LLC Sells 255,445 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Millennium Management LLC reduced its holdings in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 67.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Lazard Asset Management LLC boosted its holdings in Himax Technologies by 2.7% during the fourth quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock worth $35,033,000 after buying an additional 116,088 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of 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. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 worth $3,738,000 after acquiring an additional 161,163 shares during the last quarter. Stifel Financial Corp boosted its stake in Himax Technologies by 0.3% during the 4th quarter. Stifel Financial Corp now owns 471,801 shares of the semiconductor company's stock worth $3,793,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Himax Technologies by 1.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 217,671 shares of the semiconductor company's stock valued at $1,750,000 after purchasing an additional 4,143 shares during the period. 69.81% of the stock is currently owned by institutional investors and hedge funds.

Himax Technologies Stock Up 3.0%

Shares of NASDAQ HIMX traded up $0.25 during mid-day trading on Friday, reaching $8.69. 849,892 shares of the company's stock were exchanged, compared to its average volume of 1,872,324. Himax Technologies, Inc. has a twelve month low of $5.12 and a twelve month high of $13.91. 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 firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 19.31 and a beta of 2.16. The business has a fifty day simple moving average of $7.42 and a 200 day simple moving average of $8.12.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. Himax Technologies had a net margin of 8.80% and a return on equity of 9.09%. The firm had revenue of $215.13 million for the quarter, compared to the consensus estimate of $207.10 million. During the same period last year, the company posted $0.07 EPS. The business's quarterly revenue was up 3.6% on a year-over-year basis.

Himax Technologies Dividend Announcement

The business 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. This represents a yield of 3.7%. The ex-dividend date is Monday, June 30th. Himax Technologies's payout ratio is presently 148.98%.

Analysts Set New Price Targets

Several research firms have weighed in on HIMX. Morgan Stanley initiated coverage on shares of Himax Technologies in a report on Friday, May 9th. They issued an "overweight" rating and a $8.80 target price on the stock. Wall Street Zen cut shares of Himax Technologies from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

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.