Himax Technologies, Inc. (NASDAQ:HIMX) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 944,951 shares of the semiconductor company's stock after selling 45,020 shares during the quarter. Two Sigma Investments LP owned about 0.54% of Himax Technologies worth $7,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. boosted its holdings in Himax Technologies by 346.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company's stock valued at $31,153,000 after purchasing an additional 3,006,311 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Himax Technologies during the 4th quarter worth $18,431,000. ProShare Advisors LLC increased its stake in Himax Technologies by 35.4% in the fourth quarter. ProShare Advisors LLC now owns 46,546 shares of the semiconductor company's stock valued at $374,000 after purchasing an additional 12,171 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Himax Technologies by 2.7% in the fourth quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock valued at $35,033,000 after buying an additional 116,088 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its stake in shares of Himax Technologies by 25.1% during the fourth quarter. Graham Capital Management L.P. now owns 38,038 shares of the semiconductor company's stock worth $306,000 after buying an additional 7,634 shares during the period. 69.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Himax Technologies Stock Performance

Shares of Himax Technologies stock traded down $0.22 during trading hours on Wednesday, hitting $8.40. 1,137,298 shares of the company were exchanged, compared to its average volume of 1,842,751. Himax Technologies, Inc. has a 1 year low of $5.12 and a 1 year 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 business has a 50-day moving average of $7.34 and a 200-day moving average of $7.95. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 18.67 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 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The business 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 company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share.

Himax Technologies Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be given 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 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.