Himax Technologies, Inc. (HIMX) Announces Dividend Increase - $0.24 Per Share

Himax Technologies, Inc. (NASDAQ:HIMX) announced an annual dividend on Thursday, July 20th, Wall Street Journal reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.24 per share by the semiconductor company on Monday, August 14th. This represents a yield of 2.71%. The ex-dividend date is Thursday, July 27th. This is an increase from Himax Technologies’s previous annual dividend of $0.12.

Shares of Himax Technologies (NASDAQ:HIMX) opened at 8.86 on Friday. Himax Technologies 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 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. Himax Technologies had a return on equity of 8.59% and a net margin of 5.04%. The firm had revenue of $155.20 million during the quarter, compared to the consensus estimate of $162.26 million. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue was down 13.9% compared to the same quarter last year. Equities analysts expect that Himax Technologies will post $0.10 EPS for the current fiscal year.

A number of equities analysts have recently commented on the company. CIBC reiterated an “underperform” rating and issued a $4.00 target price on shares of Himax Technologies in a report on Friday, July 14th. Cann assumed coverage on Himax Technologies in a report on Friday, July 14th. They issued a “buy” rating for the company. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and issued a $4.00 target price (down previously from $8.00) on shares of Himax Technologies in a report on Friday, July 14th. Northland Securities reiterated an “outperform” rating and issued a $10.00 target price on shares of Himax Technologies in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Himax Technologies from a “sell” rating to a “hold” rating and set a $9.00 target price for the company in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. Himax Technologies presently has an average rating of “Hold” and an average price target of $8.08.

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.