Stifel Financial Corp lifted its stake in Himax (NASDAQ:HIMX) by 230.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,036 shares of the semiconductor company’s stock after purchasing an additional 101,805 shares during the period. Stifel Financial Corp’s holdings in Himax were worth $897,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Aperio Group LLC bought a new position in shares of Himax in the fourth quarter worth about $107,000. Two Sigma Securities LLC bought a new position in shares of Himax in the fourth quarter worth about $122,000. Virtu Financial LLC grew its holdings in shares of Himax by 219.9% in the fourth quarter. Virtu Financial LLC now owns 39,790 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 27,351 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Himax in the first quarter worth about $203,000. Finally, California Public Employees Retirement System grew its holdings in shares of Himax by 7.0% in the fourth quarter. California Public Employees Retirement System now owns 549,887 shares of the semiconductor company’s stock worth $5,730,000 after purchasing an additional 35,787 shares during the last quarter. Hedge funds and other institutional investors own 24.02% of the company’s stock.
Several research analysts have issued reports on HIMX shares. BidaskClub cut shares of Himax from a “sell” rating to a “strong sell” rating in a report on Thursday, March 22nd. ValuEngine cut shares of Himax from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Roth Capital reiterated a “neutral” rating on shares of Himax in a report on Thursday, March 15th. Nomura cut shares of Himax from a “buy” rating to a “hold” rating and dropped their target price for the stock from $10.00 to $8.00 in a report on Friday, March 9th. Finally, Northland Securities cut shares of Himax from an “outperform” rating to a “market perform” rating in a report on Friday, March 9th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.79.
NASDAQ:HIMX opened at $7.46 on Friday. Himax has a fifty-two week low of $5.97 and a fifty-two week high of $13.95. The stock has a market capitalization of $1.28 billion, a PE ratio of 53.29 and a beta of 0.30.
Himax (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, May 10th. The semiconductor company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Himax had a net margin of 3.43% and a return on equity of 5.53%. The business had revenue of $162.85 million for the quarter, compared to analysts’ expectations of $160.67 million. During the same period last year, the business earned $0.01 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. sell-side analysts predict that Himax will post -0.01 earnings per share for the current fiscal year.
The company also recently declared an annual dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Thursday, July 19th will be issued a $0.09 dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Wednesday, July 18th. Himax’s dividend payout ratio is currently 143.75%.
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
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