Himax Technologies (NASDAQ:HIMX) Trading Down 2%

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) traded down 2% during trading on Tuesday . The company traded as low as $7.97 and last traded at $7.97. 54,336 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 814,377 shares. The stock had previously closed at $8.13.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th.

Himax Technologies Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.40 and a current ratio of 1.68. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 28.59 and a beta of 2.20. The business’s fifty day simple moving average is $7.17 and its 200 day simple moving average is $6.12.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Himax Technologies had a net margin of 5.30% and a return on equity of 5.66%. The firm had revenue of $207.60 million for the quarter, compared to analyst estimates of $203.40 million. During the same quarter in the previous year, the business posted $0.12 EPS. The firm’s revenue was down 15.0% compared to the same quarter last year.

Himax Technologies Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.29 dividend. The ex-dividend date was Friday, June 28th. This represents a dividend yield of 5.09%. Himax Technologies’s dividend payout ratio (DPR) is presently 103.71%.

Institutional Investors Weigh In On Himax Technologies

A number of institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Himax Technologies during the first quarter worth about $5,182,000. UBS Group AG raised its stake in Himax Technologies by 302.3% during the fourth quarter. UBS Group AG now owns 1,002,825 shares of the semiconductor company’s stock worth $6,087,000 after acquiring an additional 753,574 shares during the period. Acadian Asset Management LLC raised its stake in Himax Technologies by 26.7% during the first quarter. Acadian Asset Management LLC now owns 2,568,934 shares of the semiconductor company’s stock worth $13,725,000 after acquiring an additional 541,106 shares during the period. Lazard Asset Management LLC raised its stake in Himax Technologies by 5.6% during the first quarter. Lazard Asset Management LLC now owns 4,592,705 shares of the semiconductor company’s stock worth $24,570,000 after acquiring an additional 244,621 shares during the period. Finally, Kennedy Capital Management LLC raised its stake in Himax Technologies by 38.7% during the first quarter. Kennedy Capital Management LLC now owns 648,711 shares of the semiconductor company’s stock worth $3,471,000 after acquiring an additional 181,095 shares during the period. Institutional investors and hedge funds own 69.81% of the company’s 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.