Himax Technologies, Inc. (NASDAQ:HIMX – Get Free Report) declared an annual dividend on Thursday, May 7th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.252 per share by the semiconductor company on Friday, July 10th. This represents a dividend yield of 122.0%. The ex-dividend date is Tuesday, June 30th.
Himax Technologies has a payout ratio of 41.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Himax Technologies to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 33.3%.
Himax Technologies Trading Down 4.6%
NASDAQ HIMX opened at $14.39 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.62 and a debt-to-equity ratio of 0.02. Himax Technologies has a twelve month low of $6.85 and a twelve month high of $25.09. The firm has a market capitalization of $2.51 billion, a PE ratio of 73.42 and a beta of 2.25. The stock’s 50 day moving average is $17.15 and its 200 day moving average is $11.43.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.00.
Check Out Our Latest Analysis on HIMX
About Himax Technologies
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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