Cann assumed coverage on shares of Himax Technologies, Inc. (NASDAQ:HIMX) in a report issued on Friday, July 14th, The Fly reports. The brokerage issued a buy rating on the semiconductor company’s stock.
HIMX has been the subject of a number of other reports. Roth Capital raised Himax Technologies from a neutral rating to a buy rating in a report on Friday, March 17th. Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of Himax Technologies in a research note on Wednesday, March 22nd. Morgan Stanley raised shares of Himax Technologies from an equal weight rating to an overweight rating and set a $11.50 price target on the stock in a report on Monday, March 27th. Macquarie initiated coverage on Himax Technologies in a research note on Monday, April 17th. They issued an outperform rating and a $12.00 target price on the stock. Finally, Northland Securities restated an outperform rating and set a $10.00 price target on shares of Himax Technologies in a research report on Wednesday, April 26th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $8.58.
Shares of Himax Technologies (HIMX) traded down 1.02% during trading on Friday, hitting $8.75. The stock had a trading volume of 3,372,565 shares. The stock has a 50 day moving average price of $8.24 and a 200-day moving average price of $7.47. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 38.55 and a beta of 0.85. Himax Technologies has a one year low of $4.88 and a one year high of $10.95.
Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, May 11th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The firm had revenue of $155.20 million for the quarter, compared to analyst estimates of $162.26 million. Himax Technologies had a net margin of 2.58% and a return on equity of 4.24%. The company’s revenue was down 13.9% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. On average, equities research analysts predict that Himax Technologies will post $0.11 earnings per share for the current year.
The firm also recently announced an annual dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.24 per share. This is an increase from Himax Technologies’s previous annual dividend of $0.12. The ex-dividend date is Thursday, July 27th. This represents a dividend yield of 2.71%. Himax Technologies’s dividend payout ratio (DPR) is currently 191.68%.
Several institutional investors have recently made changes to their positions in HIMX. Kayak Investment Partners LLC purchased a new stake in shares of Himax Technologies during the first quarter valued at $19,649,000. Point72 Asset Management L.P. purchased a new stake in shares of Himax Technologies during the first quarter valued at $9,279,000. Yiheng Capital LLC increased its stake in shares of Himax Technologies by 12.0% in the first quarter. Yiheng Capital LLC now owns 934,928 shares of the semiconductor company’s stock valued at $8,527,000 after buying an additional 100,000 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Himax Technologies during the first quarter worth approximately $3,010,000. Finally, Bank of Montreal Can increased its stake in Himax Technologies by 339.2% in the first quarter. Bank of Montreal Can now owns 220,113 shares of the semiconductor company’s stock worth $2,007,000 after buying an additional 170,000 shares during the period. 22.40% of the stock is owned by institutional investors and hedge funds.
Himax Technologies Company Profile
Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.
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