Shares of Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.56 and traded as high as $9.72. Himax Technologies shares last traded at $9.55, with a volume of 1,658,080 shares.
Analyst Ratings Changes
Separately, Morgan Stanley started coverage on shares of Himax Technologies in a research note on Friday, May 9th. They set an "overweight" rating and a $8.80 price objective for the company.
View Our Latest Stock Analysis on HIMX
Himax Technologies Price Performance
The stock's 50-day moving average price is $8.87 and its 200 day moving average price is $8.59. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 19.41 and a beta of 2.15. The company has a quick ratio of 1.52, a current ratio of 1.71 and a debt-to-equity ratio of 0.03.
Himax Technologies (NASDAQ:HIMX - Get Free Report) last released 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. The firm had revenue of $215.13 million during the quarter, compared to analysts' expectations of $207.10 million. Himax Technologies had a net margin of 9.54% and a return on equity of 9.83%. Himax Technologies's revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.07 earnings per share.
Himax Technologies Announces Dividend
The company also recently announced an annual dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 3.7%. Himax Technologies's dividend payout ratio (DPR) is 73.47%.
Institutional Trading of Himax Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of Himax Technologies by 20.9% in the 1st quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company's stock valued at $91,000 after acquiring an additional 2,154 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Himax Technologies by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company's stock valued at $35,033,000 after acquiring an additional 116,088 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Himax Technologies by 28.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company's stock valued at $5,583,000 after acquiring an additional 152,982 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Himax Technologies by 346.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company's stock valued at $31,153,000 after acquiring an additional 3,006,311 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Himax Technologies by 160.2% in the 4th quarter. Jane Street Group LLC now owns 132,435 shares of the semiconductor company's stock valued at $1,065,000 after acquiring an additional 81,535 shares during the period. Institutional investors and hedge funds 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.
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