Acadian Asset Management LLC Increases Stake in Himax Technologies, Inc. (NASDAQ:HIMX)

Acadian Asset Management LLC boosted its stake in Himax Technologies, Inc. (NASDAQ:HIMX) by 26.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,568,934 shares of the semiconductor company’s stock after purchasing an additional 541,106 shares during the quarter. Acadian Asset Management LLC owned approximately 1.47% of Himax Technologies worth $13,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in Himax Technologies by 65.8% in the 1st quarter. Russell Investments Group Ltd. now owns 154,855 shares of the semiconductor company’s stock worth $844,000 after purchasing an additional 61,459 shares during the period. BNP Paribas Financial Markets boosted its stake in Himax Technologies by 50.6% in the 1st quarter. BNP Paribas Financial Markets now owns 84,039 shares of the semiconductor company’s stock worth $450,000 after purchasing an additional 28,250 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Himax Technologies in the 1st quarter worth about $5,182,000. Allspring Global Investments Holdings LLC boosted its stake in Himax Technologies by 56.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,897 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 2,487 shares during the period. Finally, JTC Employer Solutions Trustee Ltd bought a new stake in shares of Himax Technologies during the 1st quarter valued at about $54,000. Institutional investors own 69.81% of the company’s stock.

Himax Technologies Trading Down 1.6 %

Himax Technologies stock traded down $0.12 during trading hours on Friday, reaching $7.38. The company had a trading volume of 707,810 shares, compared to its average volume of 1,042,272. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.68 and a quick ratio of 1.40. The company has a 50-day moving average price of $7.24 and a 200 day moving average price of $6.13. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 27.33 and a beta of 2.20. Himax Technologies, Inc. has a 12-month low of $4.80 and a 12-month high of $8.73.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, May 9th. The semiconductor company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Himax Technologies had a return on equity of 5.66% and a net margin of 5.30%. The firm had revenue of $207.60 million for the quarter, compared to analysts’ expectations of $203.40 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was down 15.0% compared to the same quarter last year.

Himax Technologies Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a dividend yield of 5.09%. Himax Technologies’s dividend payout ratio (DPR) is presently 103.71%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Himax Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th.

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 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.