Himax Technologies, Inc. (NASDAQ:HIMX) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its stake in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 346.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,874,811 shares of the semiconductor company's stock after purchasing an additional 3,006,311 shares during the period. Point72 Asset Management L.P. owned 2.22% of Himax Technologies worth $31,153,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC increased its holdings in shares of Himax Technologies by 47.6% during the fourth quarter. Ballentine Partners LLC now owns 38,510 shares of the semiconductor company's stock valued at $310,000 after acquiring an additional 12,418 shares in the last quarter. Clear Harbor Asset Management LLC grew its position in 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 valued at $1,361,000 after purchasing an additional 3,900 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Himax Technologies during the 4th quarter valued at about $164,000. Blue Trust Inc. increased its stake in Himax Technologies by 58.2% during the 4th quarter. Blue Trust Inc. now owns 47,016 shares of the semiconductor company's stock valued at $378,000 after purchasing an additional 17,291 shares in the last quarter. Finally, Foster Group Inc. purchased a new position in Himax Technologies in the fourth quarter worth about $100,000. 69.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Himax Technologies from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Morgan Stanley assumed coverage on Himax Technologies in a report on Friday, May 9th. They set an "overweight" rating and a $8.80 price target on the stock.

Himax Technologies Trading Up 0.5%

Shares of NASDAQ:HIMX traded up $0.05 during trading on Thursday, reaching $8.28. The company's stock had a trading volume of 227,781 shares, compared to its average volume of 1,832,332. The firm's 50 day simple moving average is $7.40 and its two-hundred day simple moving average is $7.87. The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.03. Himax Technologies, Inc. has a 12 month low of $5.12 and a 12 month high of $13.91. The stock has a market capitalization of $1.45 billion, a PE ratio of 18.40 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 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Himax Technologies had a return on equity of 9.09% and a net margin of 8.80%. The firm had revenue of $215.13 million for the quarter, compared to the consensus estimate of $207.10 million. During the same quarter in the previous year, the company posted $0.07 EPS. The company's revenue for the quarter was up 3.6% compared to the same quarter last year.

Himax Technologies Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Friday, July 11th. Stockholders of record on Monday, June 30th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend 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.