Mitsubishi UFJ Asset Management Co. Ltd. Boosts Position in Himax Technologies, Inc. (NASDAQ:HIMX)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 12.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 552,303 shares of the semiconductor company's stock after buying an additional 59,217 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.32% of Himax Technologies worth $4,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HIMX. Point72 Asset Management L.P. raised its position in Himax Technologies by 346.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company's stock worth $31,153,000 after buying an additional 3,006,311 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Himax Technologies during the 4th quarter worth approximately $18,431,000. Allianz Asset Management GmbH purchased a new position in Himax Technologies during the 1st quarter worth approximately $8,586,000. Soviero Asset Management LP purchased a new position in Himax Technologies during the 4th quarter worth approximately $4,020,000. Finally, Headwater Capital Co Ltd purchased a new position in shares of Himax Technologies during the 1st quarter valued at approximately $3,675,000. 69.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Himax Technologies Price Performance

NASDAQ:HIMX opened at $7.38 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.54 and a quick ratio of 1.37. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 17.57 and a beta of 2.21. The company has a 50 day moving average price of $9.01 and a 200-day moving average price of $8.59. Himax Technologies, Inc. has a 1-year low of $5.12 and a 1-year high of $13.91.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $214.80 million during the quarter, compared to analyst estimates of $212.00 million. Himax Technologies had a net margin of 8.34% and a return on equity of 8.34%. The business's quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS.

Himax Technologies Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were issued a $0.29 dividend. This represents a yield of 370.0%. The ex-dividend date of this dividend was Monday, June 30th. Himax Technologies's payout ratio is presently 85.71%.

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.

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