Himax Technologies, Inc. (HIMX) Trading Down 0.9%
Himax Technologies, Inc. (NASDAQ:HIMX)’s share price fell 0.9% during trading on Friday . The stock traded as low as $10.02 and last traded at $10.20. 6,894,502 shares were traded during trading, an increase of 58% from the average session volume of 4,372,300 shares. The stock had previously closed at $10.11.
Several research firms have commented on HIMX. Nomura set a $9.00 target price on shares of Himax Technologies and gave the company a “buy” rating in a research note on Saturday, May 13th. Oppenheimer Holdings Inc. reaffirmed an “underperform” rating and issued a $4.00 price objective (down previously from $8.00) on shares of Himax Technologies in a research note on Friday, July 14th. BidaskClub raised shares of Himax Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. CIBC reaffirmed an “underperform” rating and issued a $4.00 price objective on shares of Himax Technologies in a research note on Friday, July 14th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Himax Technologies in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Himax Technologies has a consensus rating of “Hold” and an average target price of $8.70.
The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 93.49 and a beta of 0.80. The firm has a 50 day moving average price of $8.81 and a 200 day moving average price of $8.06. Himax Technologies also was the recipient of unusually large options trading on Tuesday. Traders acquired 10,018 call options on the stock. This represents an increase of approximately 475% compared to the average volume of 1,743 call options.
The company also recently disclosed an annual dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were given a dividend of $0.24 per share. This is a boost from Himax Technologies’s previous annual dividend of $0.12. The ex-dividend date of this dividend was Thursday, July 27th. This represents a yield of 2.71%. Himax Technologies’s dividend payout ratio (DPR) is presently 191.68%.
A number of hedge funds have recently bought and sold shares of the business. USA Financial Portformulas Corp bought a new position in Himax Technologies during the 2nd quarter worth $763,000. Verition Fund Management LLC increased its position in Himax Technologies by 112.0% during the 2nd quarter. Verition Fund Management LLC now owns 303,622 shares of the semiconductor company’s stock worth $2,490,000 after buying an additional 160,422 shares during the period. BlueCrest Capital Management Ltd bought a new position in Himax Technologies during the 2nd quarter worth $145,000. State Street Corp increased its position in Himax Technologies by 9.6% during the 2nd quarter. State Street Corp now owns 125,071 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 10,969 shares during the period. Finally, Kayak Investment Partners LLC increased its position in Himax Technologies by 22.3% during the 2nd quarter. Kayak Investment Partners LLC now owns 2,633,900 shares of the semiconductor company’s stock worth $21,598,000 after buying an additional 479,400 shares during the period. Hedge funds and other institutional investors own 21.74% of the company’s stock.
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.