Himax Technologies (NASDAQ:HIMX) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.31 and traded as high as $9.29. Himax Technologies shares last traded at $9.09, with a volume of 1,112,761 shares.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Himax Technologies from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley assumed coverage on shares of Himax Technologies in a research note on Friday, May 9th. They issued an "overweight" rating and a $8.80 target price for the company.

Himax Technologies Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.71 and a quick ratio of 1.52. The stock has a market cap of $1.56 billion, a P/E ratio of 18.18 and a beta of 2.16. The company's 50 day simple moving average is $7.95 and its 200 day simple moving average is $8.38.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. Himax Technologies had a net margin of 9.54% and a return on equity of 9.83%. The company had revenue of $215.13 million during the quarter, compared to the consensus estimate of $207.10 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The firm's revenue was up 3.6% compared to the same quarter last year.

Himax Technologies Dividend Announcement

The business 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. 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 is presently 57.14%.

Institutional Trading of Himax Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC raised its stake in Himax Technologies by 38.8% in the 4th quarter. Barclays PLC now owns 4,248 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 1,187 shares in the last quarter. Stifel Financial Corp raised its stake in Himax Technologies by 0.3% in the 4th quarter. Stifel Financial Corp now owns 471,801 shares of the semiconductor company's stock worth $3,793,000 after purchasing an additional 1,275 shares in the last quarter. QRG Capital Management Inc. raised its stake in Himax Technologies by 9.5% in the 1st quarter. QRG Capital Management Inc. now owns 22,806 shares of the semiconductor company's stock worth $168,000 after purchasing an additional 1,988 shares in the last quarter. GAMMA Investing LLC raised its stake in Himax Technologies by 20.9% in the 1st quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company's stock worth $91,000 after purchasing an additional 2,154 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Himax Technologies by 16.2% in the 1st quarter. Bank of New York Mellon Corp now owns 16,839 shares of the semiconductor company's stock worth $124,000 after purchasing an additional 2,348 shares in the last quarter. Institutional investors and hedge funds own 69.81% of the company's stock.

Himax Technologies Company 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.