Himax Technologies, Inc. (NASDAQ:HIMX) was the target of unusually large options trading activity on Tuesday. Investors purchased 10,018 call options on the stock. This is an increase of approximately 475% compared to the average daily volume of 1,743 call options.

Hedge funds have recently modified their holdings of the company. Capital Investment Counsel Inc acquired a new position in shares of Himax Technologies in the 2nd quarter worth approximately $109,000. Bank of New York Mellon Corp lifted its holdings in Himax Technologies by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 14,223 shares of the semiconductor company’s stock worth $130,000 after buying an additional 77 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Himax Technologies during the 1st quarter worth approximately $130,000. US Bancorp DE lifted its holdings in Himax Technologies by 0.7% during the 1st quarter. US Bancorp DE now owns 14,598 shares of the semiconductor company’s stock worth $133,000 after buying an additional 100 shares in the last quarter. Finally, Stifel Financial Corp acquired a new stake in Himax Technologies during the 2nd quarter worth approximately $126,000. Hedge funds and other institutional investors own 21.74% of the company’s stock.

Several brokerages have issued reports on HIMX. Nomura set a $9.00 price objective on shares of Himax Technologies and gave the stock a “buy” rating in a research note on Saturday, May 13th. Oppenheimer Holdings, Inc. reissued a “sell” rating and issued a $4.00 price objective on shares of Himax Technologies in a research note on Thursday. BidaskClub raised shares of Himax Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. CIBC reissued an “underperform” rating and issued a $4.00 price objective on shares of Himax Technologies in a research note on Friday, July 14th. Finally, Northland Securities reissued a “buy” rating and issued a $12.00 price objective on shares of Himax Technologies in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Himax Technologies has an average rating of “Hold” and an average target price of $8.70.

Himax Technologies (NASDAQ:HIMX) opened at 10.11 on Friday. Himax Technologies has a one year low of $4.88 and a one year high of $11.97. The company’s 50-day moving average is $8.81 and its 200 day moving average is $8.06. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 92.75 and a beta of 0.80.

The business also recently disclosed an annual dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were issued a $0.24 dividend. This is a positive change from Himax Technologies’s previous annual dividend of $0.12. This represents a dividend yield of 2.71%. The ex-dividend date was Thursday, July 27th. Himax Technologies’s dividend payout ratio is currently 191.68%.

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Himax Technologies Company Profile

Himax Technologies, Inc is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products.

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