Point72 Hong Kong Ltd Acquires Shares of 2,292,403 Himax Technologies, Inc. (NASDAQ:HIMX)

Point72 Hong Kong Ltd acquired a new stake in Himax Technologies, Inc. (NASDAQ:HIMX) during the fourth quarter, HoldingsChannel reports. The firm acquired 2,292,403 shares of the semiconductor company’s stock, valued at approximately $18,431,000. Himax Technologies accounts for 1.1% of Point72 Hong Kong Ltd’s holdings, making the stock its 21st largest position.

A number of other hedge funds also recently added to or reduced their stakes in HIMX. SBI Securities Co. Ltd. acquired a new position in shares of Himax Technologies during the 4th quarter worth $28,000. Barclays PLC raised its position in shares of Himax Technologies by 38.8% in the 4th quarter. Barclays PLC now owns 4,248 shares of the semiconductor company’s stock worth $34,000 after buying an additional 1,187 shares during the period. Foster Group Inc. purchased a new stake in Himax Technologies during the 4th quarter worth $100,000. Raymond James Financial Inc. purchased a new position in shares of Himax Technologies in the fourth quarter valued at $106,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Himax Technologies during the 4th quarter worth approximately $107,000. 69.81% of the stock is owned by institutional investors and hedge funds.

Himax Technologies Stock Performance

HIMX stock opened at $8.50 on Thursday. The firm has a market cap of $1.49 billion, a PE ratio of 18.89 and a beta of 2.09. Himax Technologies, Inc. has a 1-year low of $5.12 and a 1-year high of $13.91. The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $7.46 and its two-hundred day moving average price is $7.78.

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 the consensus estimate of $0.10 by $0.01. Himax Technologies had a return on equity of 9.09% and a net margin of 8.80%. The firm had revenue of $215.13 million for the quarter, compared to analysts’ expectations of $207.10 million. During the same quarter last year, the business earned $0.07 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year.

Himax Technologies Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, July 11th. Stockholders of record on Monday, June 30th will be given a dividend of $0.29 per share. This represents a dividend yield of 3.7%. The ex-dividend date is Monday, June 30th. Himax Technologies’s dividend payout ratio (DPR) is presently 75.51%.

Analyst Upgrades and Downgrades

HIMX has been the topic of several recent research reports. StockNews.com downgraded Himax Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley assumed coverage on Himax Technologies in a research note on Friday, May 9th. They issued an “overweight” rating and a $8.80 price objective on the stock.

About Himax Technologies

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.