Bank of New York Mellon Corp increased its stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,223 shares of the semiconductor company’s stock after buying an additional 77 shares during the period. Bank of New York Mellon Corp’s holdings in Himax Technologies were worth $130,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of HIMX. Bank of Montreal Can raised its stake in shares of Himax Technologies by 339.2% in the first quarter. Bank of Montreal Can now owns 220,113 shares of the semiconductor company’s stock valued at $2,007,000 after buying an additional 170,000 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Himax Technologies by 2,325.6% in the first quarter. Canada Pension Plan Investment Board now owns 208,600 shares of the semiconductor company’s stock valued at $1,902,000 after buying an additional 200,000 shares during the period. Great West Life Assurance Co. Can bought a new stake in shares of Himax Technologies during the first quarter valued at about $750,000. Creative Planning raised its stake in shares of Himax Technologies by 4.2% in the first quarter. Creative Planning now owns 55,590 shares of the semiconductor company’s stock valued at $507,000 after buying an additional 2,217 shares during the period. Finally, Sheets Smith Wealth Management raised its stake in shares of Himax Technologies by 3.5% in the first quarter. Sheets Smith Wealth Management now owns 29,180 shares of the semiconductor company’s stock valued at $266,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 22.40% of the company’s stock.
Shares of Himax Technologies, Inc. (NASDAQ HIMX) traded up 1.62% during mid-day trading on Friday, reaching $8.16. 2,783,185 shares of the company’s stock were exchanged. Himax Technologies, Inc. has a 52 week low of $4.88 and a 52 week high of $10.95.
Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, May 11th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $155.20 million during the quarter, compared to analysts’ expectations of $162.26 million. Himax Technologies had a return on equity of 4.24% and a net margin of 2.58%. The business’s revenue for the quarter was down 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. On average, equities analysts expect that Himax Technologies, Inc. will post $0.11 EPS for the current fiscal year.
The company also recently disclosed an annual dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be issued a $0.24 dividend. This represents a dividend yield of 2.71%. This is an increase from Himax Technologies’s previous annual dividend of $0.12. The ex-dividend date is Thursday, July 27th. Himax Technologies’s dividend payout ratio (DPR) is 191.68%.
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Several analysts recently issued reports on HIMX shares. Northland Securities restated an “outperform” rating and issued a $10.00 price objective on shares of Himax Technologies in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. restated an “underperform” rating and issued a $4.00 price objective (down from $8.00) on shares of Himax Technologies in a report on Friday, July 14th. Zacks Investment Research lowered shares of Himax Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 19th. Robert W. Baird reduced their price objective on shares of Himax Technologies from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, May 12th. Finally, CIBC restated an “underperform” rating and issued a $4.00 price objective on shares of Himax Technologies in a report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.58.
About Himax Technologies
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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