Himax Technologies (NASDAQ:HIMX) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Himax Technologies (NASDAQ:HIMXFree Report) from a hold rating to a buy rating in a research report report published on Tuesday.

Himax Technologies Stock Performance

NASDAQ:HIMX opened at $8.21 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.68 and a quick ratio of 1.40. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 30.41 and a beta of 2.13. The company’s 50-day moving average is $6.09 and its two-hundred day moving average is $5.85. Himax Technologies has a 1-year low of $4.80 and a 1-year high of $8.73.

Himax Technologies (NASDAQ:HIMXGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $207.60 million for the quarter, compared to the consensus estimate of $203.40 million. Himax Technologies had a net margin of 5.30% and a return on equity of 5.66%. The business’s revenue was down 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.12 EPS.

Himax Technologies Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be paid a $0.29 dividend. This represents a dividend yield of 5.09%. The ex-dividend date of this dividend is Friday, June 28th. Himax Technologies’s dividend payout ratio (DPR) is 174.08%.

Institutional Investors Weigh In On Himax Technologies

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

Himax Technologies Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Himax Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Himax Technologies and related companies with MarketBeat.com's FREE daily email newsletter.