New York State Common Retirement Fund grew its holdings in Himax Technologies, Inc. (NASDAQ:HIMX – Get Rating) by 160.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,161 shares of the semiconductor company’s stock after buying an additional 1,945 shares during the quarter. New York State Common Retirement Fund’s holdings in Himax Technologies were worth $34,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of HIMX. Alliancebernstein L.P. purchased a new stake in Himax Technologies in the 4th quarter worth approximately $57,284,000. CapWealth Advisors LLC bought a new position in shares of Himax Technologies in the 1st quarter worth approximately $7,758,000. Point72 Asset Management L.P. bought a new position in shares of Himax Technologies in the 4th quarter worth approximately $7,144,000. Point72 Hong Kong Ltd bought a new position in shares of Himax Technologies in the 4th quarter worth approximately $4,222,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Himax Technologies by 2,889.1% in the 4th quarter. BNP Paribas Arbitrage SA now owns 201,613 shares of the semiconductor company’s stock worth $3,224,000 after acquiring an additional 194,868 shares in the last quarter. Hedge funds and other institutional investors own 26.96% of the company’s stock.
Himax Technologies Stock Down 2.5 %
HIMX stock opened at $6.57 on Tuesday. Himax Technologies, Inc. has a twelve month low of $6.18 and a twelve month high of $16.50. The company has a quick ratio of 1.35, a current ratio of 1.78 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.15 billion, a PE ratio of 2.57 and a beta of 1.84. The business has a 50 day moving average of $7.38 and a 200 day moving average of $9.19.
Himax Technologies Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Tuesday, July 12th. Investors of record on Thursday, June 30th were given a dividend of $1.25 per share. This represents a yield of 13.4%. The ex-dividend date was Wednesday, June 29th. This is a positive change from Himax Technologies’s previous annual dividend of $0.26. Himax Technologies’s dividend payout ratio (DPR) is 48.44%.
Wall Street Analysts Forecast Growth
Separately, Credit Suisse Group lowered Himax Technologies from an “outperform” rating to a “neutral” rating and set a $7.00 target price for the company. in a research report on Thursday, July 14th.
Himax Technologies 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 through two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality devices, and other consumer electronic devices.
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