Point72 Asset Management L.P. grew its stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 346.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,874,811 shares of the semiconductor company's stock after buying an additional 3,006,311 shares during the quarter. Point72 Asset Management L.P. owned about 2.22% of Himax Technologies worth $31,153,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HIMX. Ballentine Partners LLC raised its position in shares of Himax Technologies by 47.6% during the 4th quarter. Ballentine Partners LLC now owns 38,510 shares of the semiconductor company's stock worth $310,000 after buying an additional 12,418 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Himax Technologies by 2.4% during the 4th quarter. Clear Harbor Asset Management LLC now owns 169,330 shares of the semiconductor company's stock worth $1,361,000 after buying an additional 3,900 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Himax Technologies during the 4th quarter worth about $164,000. Blue Trust Inc. raised its position in shares of Himax Technologies by 58.2% during the 4th quarter. Blue Trust Inc. now owns 47,016 shares of the semiconductor company's stock worth $378,000 after buying an additional 17,291 shares in the last quarter. Finally, Foster Group Inc. bought a new stake in shares of Himax Technologies during the 4th quarter worth about $100,000. 69.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. 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 initiated coverage on shares of Himax Technologies in a report on Friday, May 9th. They issued an "overweight" rating and a $8.80 target price on the stock.
Read Our Latest Research Report on HIMX
Himax Technologies Stock Down 2.1%
NASDAQ HIMX opened at $8.26 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.65 and a quick ratio of 1.43. The company's 50 day simple moving average is $7.42 and its 200 day simple moving average is $7.82. Himax Technologies, Inc. has a 12 month low of $5.12 and a 12 month high of $13.91. The company has a market capitalization of $1.44 billion, a P/E ratio of 18.36 and a beta of 2.09.
Himax Technologies (NASDAQ:HIMX - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.11 EPS 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 business had revenue of $215.13 million for the quarter, compared to the consensus estimate of $207.10 million. During the same period in the previous year, the firm earned $0.07 EPS. The business's revenue for the quarter was up 3.6% on a year-over-year basis.
Himax Technologies Announces Dividend
The company also recently announced an annual dividend, which will be paid on Friday, July 11th. Stockholders of record on Monday, June 30th will be given a $0.29 dividend. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 30th. Himax Technologies's dividend payout ratio (DPR) is currently 75.51%.
Himax Technologies Profile
(
Free Report)
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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