Soviero Asset Management LP Purchases New Shares in Himax Technologies, Inc. (NASDAQ:HIMX)

Soviero Asset Management LP acquired a new stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 500,000 shares of the semiconductor company's stock, valued at approximately $4,020,000. Himax Technologies makes up 2.5% of Soviero Asset Management LP's investment portfolio, making the stock its 15th largest position. Soviero Asset Management LP owned approximately 0.29% of Himax Technologies at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Lazard Asset Management LLC increased its position in shares of Himax Technologies by 2.7% during the 4th quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock worth $35,033,000 after purchasing an additional 116,088 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of 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 purchasing an additional 3,006,311 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Himax Technologies during the 4th quarter worth approximately $18,431,000. Robeco Institutional Asset Management B.V. increased its position in shares of Himax Technologies by 14.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,909,036 shares of the semiconductor company's stock worth $15,349,000 after purchasing an additional 243,178 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Himax Technologies by 25.8% during the 4th quarter. Two Sigma Advisers LP now owns 916,000 shares of the semiconductor company's stock worth $7,365,000 after purchasing an additional 187,600 shares during the last quarter. Institutional investors own 69.81% of the company's stock.

Analyst Upgrades and Downgrades

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

Himax Technologies Stock Performance

Shares of HIMX stock traded down $0.01 during trading on Friday, reaching $8.21. 800,411 shares of the company's stock were exchanged, compared to its average volume of 1,839,700. The company has a quick ratio of 1.43, a current ratio of 1.65 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.44 billion, a PE ratio of 18.24 and a beta of 2.09. Himax Technologies, Inc. has a twelve month low of $5.12 and a twelve month high of $13.91. The firm's fifty day moving average price is $7.35 and its 200-day moving average price is $7.90.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its 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 analyst estimates of $207.10 million. Himax Technologies had a return on equity of 9.09% and a net margin of 8.80%. The firm's revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS.

Himax Technologies Dividend Announcement

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

About Himax Technologies

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.