Himax Technologies (NASDAQ:HIMX) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.64 and traded as high as $9.85. Himax Technologies shares last traded at $9.57, with a volume of 925,351 shares.

Analysts Set New Price Targets

Separately, Morgan Stanley initiated coverage on Himax Technologies in a research note on Friday, May 9th. They set an "overweight" rating and a $8.80 price objective on the stock.

Himax Technologies Trading Down 0.3%

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 business has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $8.64. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 19.47 and a beta of 2.15.

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

Himax Technologies Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were issued a dividend of $0.29 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Monday, June 30th. Himax Technologies's dividend payout ratio (DPR) is currently 73.47%.

Institutional Trading of Himax Technologies

Several large investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in Himax Technologies by 38.8% in 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 in the last quarter. Stifel Financial Corp raised its position in Himax Technologies by 0.3% in the fourth quarter. Stifel Financial Corp now owns 471,801 shares of the semiconductor company's stock valued at $3,793,000 after purchasing an additional 1,275 shares during the last quarter. QRG Capital Management Inc. raised its position in Himax Technologies by 9.5% in the first quarter. QRG Capital Management Inc. now owns 22,806 shares of the semiconductor company's stock valued at $168,000 after purchasing an additional 1,988 shares during the last quarter. Ballentine Partners LLC raised its position in Himax Technologies by 6.0% in the second quarter. Ballentine Partners LLC now owns 37,533 shares of the semiconductor company's stock valued at $335,000 after purchasing an additional 2,109 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in 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. 69.81% of the stock is owned by institutional investors and hedge funds.

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.