Profit Investment Management LLC reduced its position in Himax Technologies, Inc. (NASDAQ:HIMX) by 55.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.
Several other large investors have also recently bought and sold shares of HIMX. Bank of New York Mellon Corp increased its stake in Himax Technologies by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after buying an additional 77 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Himax Technologies during the first quarter worth approximately $130,000. US Bancorp DE increased its stake in Himax Technologies by 0.7% in the first quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Himax Technologies during the first quarter worth approximately $148,000. Finally, Two Sigma Securities LLC purchased a new stake in Himax Technologies during the first quarter worth approximately $175,000. Institutional investors own 22.40% of the company’s stock.
Himax Technologies, Inc. (HIMX) opened at 8.41 on Monday. Himax Technologies, Inc. has a 1-year low of $4.88 and a 1-year high of $10.95. The company has a market cap of $1.45 billion, a P/E ratio of 37.05 and a beta of 0.85.
Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings results on Thursday, May 11th. The semiconductor company reported $0.01 EPS 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 analysts’ expectations of $162.26 million. Himax Technologies had a net margin of 2.58% and a return on equity of 4.24%. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. On average, equities research analysts forecast that Himax Technologies, Inc. will post $0.10 earnings per share for the current fiscal year.
The company also recently announced an annual dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be given a $0.24 dividend. 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 payout ratio is presently 191.68%.
A number of equities research analysts recently commented on the company. Nomura set a $9.00 target price on Himax Technologies and gave the stock a “buy” rating in a research report on Saturday, May 13th. Robert W. Baird upgraded Himax Technologies from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $6.00 to $10.00 in a research report on Friday. Northland Securities restated a “buy” rating and set a $12.00 price objective on shares of Himax Technologies in a research report on Friday. Oppenheimer Holdings, Inc. restated an “underperform” rating and set a $4.00 price objective (down from $8.00) on shares of Himax Technologies in a research report on Friday, July 14th. Finally, Zacks Investment Research downgraded Himax Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.58.
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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