Himax Technologies, Inc. (NASDAQ:HIMX) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. decreased its position in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) by 35.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 357,381 shares of the semiconductor company's stock after selling 194,371 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Himax Technologies worth $2,198,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Jump Financial LLC lifted its holdings in Himax Technologies by 55.2% in the 4th quarter. Jump Financial LLC now owns 139,338 shares of the semiconductor company's stock worth $846,000 after buying an additional 49,538 shares during the period. AJOVista LLC bought a new stake in Himax Technologies in the fourth quarter valued at $446,000. Russell Investments Group Ltd. purchased a new position in Himax Technologies during the 4th quarter valued at $576,000. Signaturefd LLC raised its holdings in Himax Technologies by 19.1% in the 4th quarter. Signaturefd LLC now owns 11,450 shares of the semiconductor company's stock worth $70,000 after purchasing an additional 1,834 shares in the last quarter. Finally, Redwood Wealth Management Group LLC lifted its position in shares of Himax Technologies by 7.6% in the 4th quarter. Redwood Wealth Management Group LLC now owns 90,193 shares of the semiconductor company's stock worth $547,000 after purchasing an additional 6,400 shares during the period. 69.81% of the stock is owned by hedge funds and other institutional investors.

Himax Technologies Stock Down 2.1 %

Himax Technologies stock traded down $0.14 during trading hours on Tuesday, hitting $6.54. 520,598 shares of the stock traded hands, compared to its average volume of 725,982. Himax Technologies, Inc. has a one year low of $4.80 and a one year high of $7.70. The company has a market cap of $1.14 billion, a PE ratio of 24.22 and a beta of 2.02. The firm's 50-day moving average price is $5.44 and its two-hundred day moving average price is $5.69. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.04.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Himax Technologies had a net margin of 5.30% and a return on equity of 5.66%. The company had revenue of $207.60 million during the quarter, compared to analysts' expectations of $203.40 million. During the same period last year, the company posted $0.12 EPS. Himax Technologies's revenue was down 15.0% on a year-over-year basis.

Himax Technologies Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.29 dividend. This represents a yield of 5.09%. The ex-dividend date of this dividend is Friday, June 28th. Himax Technologies's dividend payout ratio (DPR) is 174.08%.

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.