Soviero Asset Management LP Buys New Stake in Himax Technologies, Inc. (NASDAQ:HIMX)

Soviero Asset Management LP bought a new stake in Himax Technologies, Inc. (NASDAQ:HIMX) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 500,000 shares of the semiconductor company’s stock, valued at approximately $4,020,000. Himax Technologies accounts for 2.5% of Soviero Asset Management LP’s investment portfolio, making the stock its 15th largest holding. Soviero Asset Management LP owned about 0.29% of Himax Technologies as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HIMX. Point72 Asset Management L.P. lifted its stake in shares of Himax Technologies by 346.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company’s stock valued at $31,153,000 after purchasing an additional 3,006,311 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Himax Technologies in the 4th quarter worth $18,431,000. Robeco Institutional Asset Management B.V. increased its holdings in Himax Technologies by 14.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,909,036 shares of the semiconductor company’s stock worth $15,349,000 after acquiring an additional 243,178 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Himax Technologies by 25.8% in the 4th quarter. Two Sigma Advisers LP now owns 916,000 shares of the semiconductor company’s stock worth $7,365,000 after acquiring an additional 187,600 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Himax Technologies by 48.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 493,086 shares of the semiconductor company’s stock worth $3,738,000 after acquiring an additional 161,163 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HIMX has been the subject of several recent analyst reports. StockNews.com lowered shares of Himax Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley initiated coverage on shares of Himax Technologies in a report on Friday, May 9th. They issued an “overweight” rating and a $8.80 price target for the company.

Himax Technologies Price Performance

Shares of NASDAQ HIMX opened at $8.26 on Monday. The firm has a market cap of $1.44 billion, a PE ratio of 18.36 and a beta of 2.09. The firm has a fifty day moving average of $7.42 and a 200 day moving average of $7.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.43 and a current ratio of 1.65. Himax Technologies, Inc. has a one year low of $5.12 and a one year high of $13.91.

Himax Technologies (NASDAQ:HIMX) last released its 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 net margin of 8.80% and a return on equity of 9.09%. The business had revenue of $215.13 million during the quarter, compared to analyst estimates of $207.10 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Himax Technologies Announces Dividend

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

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.