Voloridge Investment Management LLC Sells 37,391 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Voloridge Investment Management LLC trimmed its holdings in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 39.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,091 shares of the semiconductor company's stock after selling 37,391 shares during the period. Voloridge Investment Management LLC's holdings in Himax Technologies were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Himax Technologies during the 4th quarter valued at about $28,000. Barclays PLC lifted its stake in Himax Technologies by 38.8% in the fourth quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock valued at $34,000 after buying an additional 1,187 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of Himax Technologies in the fourth quarter valued at approximately $83,000. Foster Group Inc. bought a new stake in shares of Himax Technologies during the fourth quarter worth $100,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Himax Technologies during the fourth quarter worth $106,000. 69.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HIMX has been the topic of a number of research reports. Morgan Stanley started coverage on Himax Technologies in a report on Friday, May 9th. They issued an "overweight" rating and a $8.80 price target on the stock. Wall Street Zen downgraded Himax Technologies from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.

Himax Technologies Stock Up 1.0%

Shares of NASDAQ:HIMX traded up $0.08 during trading on Tuesday, hitting $8.39. 266,641 shares of the company were exchanged, compared to its average volume of 2,876,764. Himax Technologies, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $13.91. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 18.64 and a beta of 2.09. 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 fifty day moving average price of $7.34 and a two-hundred day moving average price of $8.05.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last issued 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 the consensus estimate of $207.10 million. Himax Technologies had a net margin of 8.80% and a return on equity of 9.09%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share.

Himax Technologies Dividend Announcement

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