Himax Technologies, Inc. (NASDAQ:HIMX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 45.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,145 shares of the semiconductor company’s stock after selling 21,371 shares during the quarter. Rhumbline Advisers’ holdings in Himax Technologies were worth $192,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HIMX. QRG Capital Management Inc. acquired a new stake in shares of Himax Technologies in the 4th quarter valued at about $167,000. SBI Securities Co. Ltd. acquired a new stake in shares of Himax Technologies in the 4th quarter valued at about $28,000. Raymond James Financial Inc. acquired a new stake in Himax Technologies during the 4th quarter worth approximately $106,000. E Fund Management Co. Ltd. acquired a new stake in Himax Technologies during the 4th quarter worth approximately $455,000. Finally, Signaturefd LLC lifted its position in Himax Technologies by 34.8% during the 4th quarter. Signaturefd LLC now owns 13,437 shares of the semiconductor company’s stock worth $108,000 after acquiring an additional 3,468 shares during the period. 69.81% of the stock is owned by institutional investors and hedge funds.

Himax Technologies Stock Down 0.8%

Himax Technologies stock opened at $9.21 on Thursday. Himax Technologies, Inc. has a twelve month low of $5.12 and a twelve month high of $13.91. The stock has a 50 day moving average of $8.11 and a two-hundred day moving average of $8.42. The company has a current ratio of 1.71, a quick ratio of 1.52 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 18.80 and a beta of 2.16.

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

Himax Technologies Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, July 11th. Stockholders of record on Monday, June 30th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 3.7%. Himax Technologies’s dividend payout ratio is currently 73.47%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HIMX shares. Morgan Stanley started coverage on Himax Technologies in a research report on Friday, May 9th. They set an “overweight” rating and a $8.80 price objective for the company. Wall Street Zen cut Himax Technologies from a “buy” rating to a “hold” rating in a research report on Friday, March 7th.

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.