Capital Investment Counsel Inc acquired a new position in shares of Himax Technologies, Inc. (NASDAQ:HIMX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,250 shares of the semiconductor company’s stock, valued at approximately $109,000.
Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of 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 during the last quarter. Private Advisor Group LLC bought a new stake in shares of Himax Technologies during the first quarter worth approximately $130,000. US Bancorp DE boosted its stake in shares of 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 during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Himax Technologies during the first quarter worth approximately $148,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Himax Technologies during the first quarter worth approximately $175,000. Institutional investors own 22.42% of the company’s stock.
Himax Technologies, Inc. (NASDAQ:HIMX) opened at 8.21 on Friday. Himax Technologies, Inc. has a 52 week low of $4.88 and a 52 week high of $10.95.
The firm also recently declared an annual dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a $0.24 dividend. This represents a dividend yield of 2.71%. The ex-dividend date was Thursday, July 27th. This is a positive change from Himax Technologies’s previous annual dividend of $0.12. Himax Technologies’s payout ratio is currently 191.68%.
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A number of analysts have commented on the company. Nomura set a $9.00 price target 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 target for the stock from $6.00 to $10.00 in a research report on Friday, August 4th. Northland Securities restated a “buy” rating and issued a $12.00 price target on shares of Himax Technologies in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. restated an “underperform” rating and issued a $4.00 price target (down previously from $8.00) on shares of Himax Technologies in a research report on Friday, July 14th. Finally, Zacks Investment Research cut Himax Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price 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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