Veriti Management LLC reduced its position in Himax Technologies, Inc. (NASDAQ: HIMX – Get Rating) by 19.0% in Q1, according to its latest 13F filing with the Securities and Exchange Commission. The fund held 10,666 shares of the semiconductor company after selling 2,497 shares during the quarter. Veriti Management LLC’s holdings in Himax Technologies were worth $116,000 at the end of the most recent reporting period.
Several other hedge funds have also recently increased or reduced their holdings in HIMX. Alliancebernstein LP purchased a new stake in Himax Technologies in Q4 for a value of approximately $57,284,000. Polunin Capital Partners Ltd bought a new position in Himax Technologies during the 4th quarter at a value of $13,341,000. Kennedy Capital Management Inc. increased its position in Himax Technologies by 1.4% in the fourth quarter. Kennedy Capital Management Inc. now owns 705,930 shares of the semiconductor company valued at $11,288,000 after acquiring 9,969 additional shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Himax Technologies by 42.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 678,593 shares of the semiconductor company worth $8,835,000 after purchasing an additional 202,910 shares during the period. Finally, Credit Suisse AG increased its position in Himax Technologies shares by 17.2% during the fourth quarter. Credit Suisse AG now owns 590,636 shares of the semiconductor company worth $9,444,000 after buying an additional 86,879 shares in the last quarter. 26.96% of the shares are held by hedge funds and other institutional investors.
Shares of HIMX opened at $8.99 on Monday. The company has a debt ratio of 0.05, a quick ratio of 1.74 and a current ratio of 2.13. The company has a 50-day moving average price of $9.13 and a 200-day moving average price of $10.65. Himax Technologies, Inc. has a fifty-two week minimum of $7.30 and a fifty-two week maximum of $17.30. The stock has a market capitalization of $1.57 billion, a PE ratio of 3.23 and a beta of 2.01.
Himax Technologies (NASDAQ:HIMX – Get Rating) last announced its results on Thursday, May 12. The semiconductor company reported earnings per share (EPS) of $0.70 for the quarter, matching the consensus estimate of $0.70. The company had revenue of $412.81 million for the quarter. Himax Technologies had a return on equity of 62.49% and a net margin of 29.43%.
The company also recently announced an annual dividend, which will be paid on Tuesday, July 12. Shareholders of record on Thursday, June 30 will receive a dividend of $1.25. The ex-date of this dividend is Wednesday, June 29. This is an increase from Himax Technologies’ previous annual dividend of $0.26. This represents a return of 13.4%. Himax Technologies’ payout ratio is currently 9.35%.
A number of equity research analysts have weighed in on HIMX shares recently. Nomura downgraded shares of Himax Technologies from a “buy” rating to a “neutral” rating and set a price target of $11.00 for the company. in a report on Thursday, April 7. Credit Suisse Group lowered its price target on Himax Technologies from $18.00 to $13.80 in a Monday, May 16 report. StockNews.com assumed coverage of Himax Technologies in a Thursday, March 31 report. They have placed a “holding” rating on the stock. Finally, Nomura Instinet reiterated a “neutral” rating and issued a price target of $11.00 on shares of Himax Technologies in a Thursday, April 7 report.
About Himax Technologies (Get a rating)
Himax Technologies, Inc., a fabless semiconductor company, provides display image processing technologies in China, Taiwan, Philippines, Korea, Japan, Europe and the United States. The Company operates through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers which are used in TVs, laptops, monitors, mobile phones, tablets, automotive, digital cameras, navigation automotive, virtual reality devices and other consumer electronics.
Further reading
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