Stifel Financial Corp boosted its holdings in shares of Himax (NASDAQ:HIMX) by 230.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,036 shares of the semiconductor company’s stock after purchasing an additional 101,805 shares during the quarter. Stifel Financial Corp owned about 0.08% of Himax worth $897,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in HIMX. Aperio Group LLC purchased a new stake in Himax during the fourth quarter valued at $107,000. California Public Employees Retirement System raised its stake in Himax by 7.0% during the fourth quarter. California Public Employees Retirement System now owns 549,887 shares of the semiconductor company’s stock valued at $5,730,000 after purchasing an additional 35,787 shares in the last quarter. BlackRock Inc. raised its stake in Himax by 33.2% during the fourth quarter. BlackRock Inc. now owns 324,555 shares of the semiconductor company’s stock valued at $3,382,000 after purchasing an additional 80,876 shares in the last quarter. Virtu Financial LLC raised its stake in Himax by 219.9% during the fourth quarter. Virtu Financial LLC now owns 39,790 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 27,351 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Himax by 41.2% during the fourth quarter. OppenheimerFunds Inc. now owns 870,809 shares of the semiconductor company’s stock valued at $9,073,000 after purchasing an additional 254,158 shares in the last quarter. 24.02% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on HIMX shares. Northland Securities downgraded shares of Himax from an “outperform” rating to a “market perform” rating in a research note on Friday, March 9th. Nomura downgraded shares of Himax from a “buy” rating to a “hold” rating and decreased their price target for the company from $10.00 to $8.00 in a research note on Friday, March 9th. Roth Capital reaffirmed a “neutral” rating on shares of Himax in a research note on Thursday, March 15th. BidaskClub downgraded shares of Himax from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 22nd. Finally, ValuEngine downgraded shares of Himax from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $10.79.
Shares of HIMX opened at $7.46 on Friday. Himax has a twelve month low of $5.97 and a twelve month high of $13.95. The firm has a market capitalization of $1.28 billion, a PE ratio of 53.29 and a beta of 0.30.
Himax (NASDAQ:HIMX) last announced its earnings results on Thursday, May 10th. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Himax had a net margin of 3.43% and a return on equity of 5.53%. The business had revenue of $162.85 million for the quarter, compared to the consensus estimate of $160.67 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. sell-side analysts expect that Himax will post -0.01 EPS for the current year.
The company also recently announced an annual dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Thursday, July 19th will be paid a $0.09 dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Wednesday, July 18th. Himax’s dividend payout ratio is currently 143.75%.
Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies worldwide. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices.
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