Lazard Asset Management LLC Purchases 116,088 Shares of Himax Technologies, Inc. (NASDAQ:HIMX)

Lazard Asset Management LLC increased its stake in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,357,482 shares of the semiconductor company's stock after purchasing an additional 116,088 shares during the quarter. Lazard Asset Management LLC owned 2.49% of Himax Technologies worth $35,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Himax Technologies in the fourth quarter worth approximately $28,000. Barclays PLC boosted its holdings in Himax Technologies by 38.8% in the fourth quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 1,187 shares during the last quarter. Foster Group Inc. purchased a new stake in Himax Technologies in the fourth quarter worth approximately $100,000. Raymond James Financial Inc. bought a new position in Himax Technologies in the fourth quarter worth approximately $106,000. Finally, Orion Portfolio Solutions LLC bought a new position in Himax Technologies in the fourth quarter worth approximately $107,000. Hedge funds and other institutional investors own 69.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HIMX. StockNews.com downgraded shares of Himax Technologies from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley began coverage on shares of Himax Technologies in a research report on Friday, May 9th. They set an "overweight" rating and a $8.80 price objective on the stock.

Himax Technologies Price Performance

Shares of HIMX stock traded down $0.18 on Friday, hitting $8.26. 1,067,829 shares of the stock traded hands, compared to its average volume of 1,835,213. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 18.36 and a beta of 2.09. Himax Technologies, Inc. has a 52 week low of $5.12 and a 52 week high of $13.91. The firm has a 50 day simple moving average of $7.42 and a two-hundred day simple moving average of $7.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.43.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The company 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%. Himax Technologies's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS.

Himax Technologies Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be given a $0.29 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 30th. Himax Technologies's dividend payout ratio is presently 75.51%.

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.