Himax Technologies, Inc. (NASDAQ:HIMX) was up 4.1% during mid-day trading on Wednesday . The stock traded as high as $11.46 and last traded at $10.93. Approximately 13,274,559 shares traded hands during trading, an increase of 233% from the average daily volume of 3,989,990 shares. The stock had previously closed at $11.40.

Several equities research analysts have recently issued reports on HIMX shares. Northland Securities reiterated an “outperform” rating and set a $10.00 price target on shares of Himax Technologies in a report on Wednesday, July 12th. BidaskClub upgraded Himax Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Oppenheimer Holdings, Inc. restated an “underperform” rating and issued a $4.00 target price (down from $8.00) on shares of Himax Technologies in a report on Friday, July 14th. Zacks Investment Research lowered Himax Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 19th. Finally, CIBC restated an “underperform” rating and issued a $4.00 target price on shares of Himax Technologies in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.70.

The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 92.75 and a beta of 0.80. The stock’s 50 day moving average price is $8.81 and its 200-day moving average price is $8.06. Himax Technologies also was the target of unusually large options trading on Tuesday. Stock traders acquired 10,018 call options on the stock. This is an increase of 475% compared to the average daily volume of 1,743 call options.

The company also recently declared an annual dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were issued a dividend of $0.24 per share. This is a boost from Himax Technologies’s previous annual dividend of $0.12. This represents a yield of 2.71%. The ex-dividend date of this dividend was Thursday, July 27th. Himax Technologies’s dividend payout ratio (DPR) is presently 191.68%.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 77 shares during the period. US Bancorp DE increased its stake in Himax Technologies by 0.7% during the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after acquiring an additional 100 shares during the period. Northern Trust Corp increased its stake in Himax Technologies by 9.7% during the 2nd quarter. Northern Trust Corp now owns 17,846 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 1,583 shares during the period. Private Advisor Group LLC increased its stake in Himax Technologies by 19.7% during the 2nd quarter. Private Advisor Group LLC now owns 17,300 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 2,850 shares during the period. Finally, Profund Advisors LLC increased its stake in Himax Technologies by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 67,728 shares of the semiconductor company’s stock worth $555,000 after acquiring an additional 3,320 shares during the period. 21.74% of the stock is owned by institutional investors and hedge funds.

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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.