UBS Group AG trimmed its holdings in Himax Technologies, Inc. (NASDAQ:HIMX – Free Report) by 45.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,059 shares of the semiconductor company’s stock after selling 227,494 shares during the quarter. UBS Group AG owned about 0.16% of Himax Technologies worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of HIMX. Handelsbanken Fonder AB increased its stake in Himax Technologies by 1,598.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,752,432 shares of the semiconductor company’s stock valued at $15,474,000 after purchasing an additional 1,649,243 shares in the last quarter. Lazard Asset Management LLC increased its stake in Himax Technologies by 7.7% during the 2nd quarter. Lazard Asset Management LLC now owns 5,256,923 shares of the semiconductor company’s stock valued at $46,943,000 after purchasing an additional 374,198 shares in the last quarter. Jump Financial LLC bought a new stake in Himax Technologies during the 2nd quarter valued at about $3,194,000. First Trust Advisors LP bought a new stake in Himax Technologies during the 3rd quarter valued at about $2,154,000. Finally, Sei Investments Co. increased its stake in Himax Technologies by 287.6% during the 2nd quarter. Sei Investments Co. now owns 277,632 shares of the semiconductor company’s stock valued at $2,479,000 after purchasing an additional 206,001 shares in the last quarter. 69.81% of the stock is currently owned by institutional investors.
Himax Technologies Stock Performance
HIMX opened at $20.65 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.42 and a debt-to-equity ratio of 0.02. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 105.36 and a beta of 2.03. The company’s 50 day moving average is $12.72 and its 200 day moving average is $9.72. Himax Technologies, Inc. has a 12-month low of $6.85 and a 12-month high of $22.44.
Himax Technologies Cuts Dividend
The firm also recently disclosed an annual dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a $0.252 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a dividend yield of 122.0%. Himax Technologies’s dividend payout ratio (DPR) is presently 120.00%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on HIMX. Wall Street Zen upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of Himax Technologies in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.00.
Check Out Our Latest Report on HIMX
Himax Technologies Profile
Himax Technologies, Inc (NASDAQ: HIMX) is a fabless semiconductor company specializing in display imaging technologies. The company designs and develops a comprehensive portfolio of display driver integrated circuits (DDICs), timing controllers, and other high-speed interface chips that enable high-resolution panels for a wide array of electronic devices. Himax’s solutions are tailored to support both LCD and OLED displays, ensuring compatibility with television sets, desktop monitors, laptops, tablets, smartphones and wearable devices.
In addition to core display driver products, Himax offers wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions for applications in augmented reality (AR) and virtual reality (VR) headsets.
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