Himax Technologies (NASDAQ:HIMX) Sees Large Volume Increase

Himax Technologies, Inc. (NASDAQ:HIMXGet Free Report) shares saw an uptick in trading volume on Tuesday . 348,566 shares were traded during trading, a decline of 51% from the previous session’s volume of 711,352 shares.The stock last traded at $6.92 and had previously closed at $6.68.

Himax Technologies Trading Up 11.1 %

The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.30 billion, a P/E ratio of 26.41 and a beta of 2.13. The company has a fifty day simple moving average of $5.89 and a two-hundred day simple moving average of $5.79.

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

Himax Technologies Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a $0.29 dividend. This represents a dividend yield of 5.09%. The ex-dividend date is Friday, June 28th. Himax Technologies’s dividend payout ratio is 174.08%.

Institutional Investors Weigh In On Himax Technologies

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Himax Technologies by 56.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 2,487 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Himax Technologies in the first quarter valued at about $54,000. Parallel Advisors LLC raised its holdings in Himax Technologies by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 10,880 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 4,203 shares in the last quarter. D Orazio & Associates Inc. acquired a new position in shares of Himax Technologies during the 4th quarter worth approximately $68,000. Finally, Signaturefd LLC boosted its holdings in shares of Himax Technologies by 19.1% in the 4th quarter. Signaturefd LLC now owns 11,450 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,834 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.

About Himax Technologies

(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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