Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) 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 changing hands.
Wall Street Analyst Weigh In
HIMX has been the subject of a number of recent research reports. Morgan Stanley began coverage on Himax Technologies in a research note on Friday, May 9th. They issued an "overweight" rating and a $8.80 target price for the company. Wall Street Zen downgraded shares of Himax Technologies from a "buy" rating to a "hold" rating in a research report on Friday, March 7th.
View Our Latest Research Report on HIMX
Himax Technologies Stock Down 0.8%
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.71. The stock has a market cap of $1.59 billion, a PE ratio of 18.55 and a beta of 2.16. The company's 50-day moving average price is $7.78 and its 200 day moving average price is $8.31.
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 the consensus estimate of $0.10 by $0.01. The company had revenue of $215.13 million during the quarter, compared to the consensus estimate of $207.10 million. Himax Technologies had a net margin of 9.54% and a return on equity of 9.83%. Himax Technologies's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS.
Himax Technologies Dividend Announcement
The firm also recently announced an annual dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be issued a $0.29 dividend. This represents a dividend yield of 3.7%. The ex-dividend date is Monday, June 30th. Himax Technologies's dividend payout ratio (DPR) is presently 57.14%.
Institutional Investors Weigh In On Himax Technologies
Institutional investors have recently made changes to their positions in the company. Barclays PLC increased its holdings in Himax Technologies by 38.8% during 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 during the period. Stifel Financial Corp lifted its position in shares of Himax Technologies by 0.3% during the 4th quarter. Stifel Financial Corp now owns 471,801 shares of the semiconductor company's stock valued at $3,793,000 after buying an additional 1,275 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Himax Technologies by 9.5% during the first 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 increased its holdings in shares of Himax Technologies by 20.9% in the first quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company's stock valued at $91,000 after purchasing an additional 2,154 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Himax Technologies by 16.2% in the first quarter. Bank of New York Mellon Corp now owns 16,839 shares of the semiconductor company's stock valued at $124,000 after acquiring an additional 2,348 shares during the last quarter. Institutional investors own 69.81% of the company's stock.
Himax Technologies Company Profile
(
Get 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.
Further Reading
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