Soviero Asset Management LP Makes New $4.02 Million Investment in Himax Technologies, Inc. (NASDAQ:HIMX)

Soviero Asset Management LP purchased a new stake in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 500,000 shares of the semiconductor company's stock, valued at approximately $4,020,000. Himax Technologies comprises approximately 2.5% of Soviero Asset Management LP's portfolio, making the stock its 15th largest holding. Soviero Asset Management LP owned about 0.29% of Himax Technologies as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Himax Technologies in the 4th quarter valued at $28,000. Barclays PLC increased its stake in shares of Himax Technologies by 38.8% during the fourth quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 1,187 shares during the period. Foster Group Inc. purchased a new position in shares of Himax Technologies during the 4th quarter worth approximately $100,000. Raymond James Financial Inc. acquired a new stake in Himax Technologies in the fourth quarter valued at $106,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Himax Technologies during the fourth quarter worth about $107,000. Hedge funds and other institutional investors own 69.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HIMX shares. Wall Street Zen downgraded Himax Technologies from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley began coverage on shares of Himax Technologies in a research note on Friday, May 9th. They set an "overweight" rating and a $8.80 price objective for the company.

Himax Technologies Trading Down 0.1%

Shares of Himax Technologies stock traded down $0.01 during trading hours on Friday, reaching $8.21. 799,901 shares of the company's stock were exchanged, compared to its average volume of 1,835,387. Himax Technologies, Inc. has a 52-week low of $5.12 and a 52-week high of $13.91. The company has a fifty day moving average of $7.38 and a 200-day moving average of $7.89. 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 $1.44 billion, a price-to-earnings ratio of 18.24 and a beta of 2.09.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its quarterly 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. 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 for the quarter, compared to the consensus estimate of $207.10 million. During the same quarter last year, the firm posted $0.07 earnings per share. Himax Technologies's revenue was up 3.6% on a year-over-year basis.

Himax Technologies Announces Dividend

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 paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a yield of 3.7%. Himax Technologies's dividend payout ratio is currently 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.