Profit Investment Management LLC cut its stake in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 55.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,936 shares of the semiconductor company’s stock after selling 33,552 shares during the period. Profit Investment Management LLC’s holdings in Himax Technologies were worth $221,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Fort Point Capital Partners LLC purchased a new stake in Himax Technologies during the first quarter valued at about $296,000. Two Sigma Securities LLC purchased a new stake in Himax Technologies during the first quarter valued at about $175,000. Tairen Capital Ltd purchased a new stake in Himax Technologies during the first quarter valued at about $999,000. Asset Management One Co. Ltd. purchased a new stake in Himax Technologies during the first quarter valued at about $432,000. Finally, Private Advisor Group LLC purchased a new stake in Himax Technologies during the first quarter valued at about $130,000. Institutional investors and hedge funds own 22.50% of the company’s stock.
Himax Technologies, Inc. (NASDAQ HIMX) traded up 1.23% during trading on Friday, hitting $8.23. The stock had a trading volume of 2,760,266 shares. Himax Technologies, Inc. has a 52 week low of $4.88 and a 52 week high of $10.95.
Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Thursday, May 11th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $155.20 million for the quarter, compared to the consensus estimate of $162.26 million. Himax Technologies had a net margin of 5.04% and a return on equity of 8.59%. Himax Technologies’s quarterly revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS. On average, equities research analysts anticipate that Himax Technologies, Inc. will post $0.10 earnings per share for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a dividend of $0.24 per share. This is a positive change from Himax Technologies’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Thursday, July 27th. This represents a yield of 2.71%. Himax Technologies’s dividend payout ratio (DPR) is currently 95.84%.
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Several analysts recently issued reports on the company. Macquarie restated an “outperform” rating and issued a $10.30 price target on shares of Himax Technologies in a research note on Saturday, July 22nd. Rosenblatt Securities downgraded Himax Technologies from a “neutral” rating to a “sell” rating and cut their target price for the company from $7.00 to $6.00 in a research report on Friday, July 21st. Vetr downgraded Himax Technologies from a “strong-buy” rating to a “buy” rating and set a $9.34 target price for the company. in a research report on Thursday, June 8th. ValuEngine upgraded Himax Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Oppenheimer Holdings, Inc. reiterated an “underperform” rating and set a $4.00 target price (down from $8.00) on shares of Himax Technologies in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. Himax Technologies has a consensus rating of “Hold” and a consensus price target of $7.92.
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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