Envestnet Asset Management Inc. Has $1.82 Million Stock Holdings in Himax Technologies, Inc. (NASDAQ:HIMX)

Envestnet Asset Management Inc. increased its holdings in shares of Himax Technologies, Inc. (NASDAQ:HIMX) by 13.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,685 shares of the semiconductor company’s stock after buying an additional 30,014 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of Himax Technologies worth $1,820,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HIMX. Lazard Asset Management LLC raised its holdings in Himax Technologies by 2.7% during the 4th quarter. Lazard Asset Management LLC now owns 4,357,482 shares of the semiconductor company’s stock worth $35,033,000 after purchasing an additional 116,088 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Himax Technologies by 346.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,874,811 shares of the semiconductor company’s stock worth $31,153,000 after purchasing an additional 3,006,311 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Himax Technologies during the 4th quarter worth approximately $18,431,000. Robeco Institutional Asset Management B.V. raised its holdings in Himax Technologies by 16.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,230,791 shares of the semiconductor company’s stock worth $16,396,000 after purchasing an additional 321,755 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Himax Technologies by 25.8% during the 4th quarter. Two Sigma Advisers LP now owns 916,000 shares of the semiconductor company’s stock worth $7,365,000 after purchasing an additional 187,600 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors and hedge funds.

Himax Technologies Stock Performance

NASDAQ:HIMX opened at $9.04 on Thursday. The firm has a market cap of $1.58 billion, a PE ratio of 18.45 and a beta of 2.15. Himax Technologies, Inc. has a fifty-two week low of $5.12 and a fifty-two week high of $13.91. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.52 and a current ratio of 1.71. The business has a 50 day moving average price of $9.05 and a 200-day moving average price of $8.68.

Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $215.13 million during the quarter, compared to the consensus estimate of $207.10 million. Himax Technologies had a return on equity of 9.83% and a net margin of 9.54%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share.

Himax Technologies Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 3.7%. Himax Technologies’s dividend payout ratio (DPR) is 73.47%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley began coverage on shares of Himax Technologies in a research report on Friday, May 9th. They issued an “overweight” rating and a $8.80 price target for the company.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.