Himax Technologies, Inc. (NASDAQ:HIMX) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 13.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 247,685 shares of the semiconductor company’s stock after buying an additional 30,014 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Himax Technologies were worth $1,820,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake 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 worth $91,000 after buying an additional 2,154 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Himax Technologies by 2.7% in the fourth quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company’s stock worth $35,033,000 after buying an additional 116,088 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Himax Technologies by 28.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,445 shares of the semiconductor company’s stock worth $5,583,000 after buying an additional 152,982 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Himax Technologies by 346.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company’s stock worth $31,153,000 after purchasing an additional 3,006,311 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Himax Technologies by 160.2% during the fourth quarter. Jane Street Group LLC now owns 132,435 shares of the semiconductor company’s stock worth $1,065,000 after purchasing an additional 81,535 shares in the last quarter. 69.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley began coverage on Himax Technologies in a report on Friday, May 9th. They set an “overweight” rating and a $8.80 target price for the company.

Himax Technologies Stock Down 0.7%

Shares of NASDAQ HIMX opened at $9.04 on Thursday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 18.45 and a beta of 2.15. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.71 and a quick ratio of 1.52. The business has a 50-day moving average of $9.05 and a two-hundred day moving average of $8.68. Himax Technologies, Inc. has a 1 year low of $5.12 and a 1 year high of $13.91.

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

Himax Technologies Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were given a $0.29 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 30th. Himax Technologies’s dividend payout ratio (DPR) is presently 73.47%.

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.