Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Leading fabless semiconductor solution provider, Himax Technologies, Inc. (HIMX - Snapshot Report), recently increased its yearly dividend from 6.3 cents per ADS (American Depository Shares) to 25 cents. The dividend will be payable on Jul 31, 2013 to shareholders of record as of Jul 19. Based on the closing price of $5.65 as on Jun 17, the dividend payout affirms a modest yield of 2.2%.

Himax has been regularly paying quarterly dividend since its listing in Nasdaq in 2006.However, the company has reduced the dividend payouts over the last few years and the recent hike comes after a four-year sabbatical.  

Himax has a policy of paying yearly dividends based on its performance in the previous financial year. During fiscal 2012, company’s net profit jumped around 3.8 times to $51.6 million from $10.7 million in fiscal 2011. This surge in profit primarily led the company to raise its yearly dividend.  

In addition to steady yearly dividends, Himax returns considerable cash to shareholders through its share repurchase program. In Jun 2011, the company’s board of directors approved a $25 million stock repurchase program. As of Mar 31, 2013, Himax has purchased shares worth $13.4 million under this program.

Headquartered in Taiwan, Himax provides display driver integrated circuits (IC) and timing controllers which are used in consumer electronic devices like TVs, laptops, monitors, mobile phones, tablets and digital cameras.

Himax currently carries a Zacks Rank #3 (Hold). Relatively better players in the sector which are worth a look include Integrated Device Technology, Inc. (IDTI - Snapshot Report) and OmniVision Technologies, Inc. (OVTI - Analyst Report) – both with a Zacks Rank #1 (Strong Buy) – and FormFactor Inc. (FORM - Analyst Report) which retains a Zacks Rank #2 (Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
CELL THERAPE CTIC 3.18 +6.19%
DIXIE GROUP DXYN 15.48 +5.45%
BOFL HOLDING BOFI 85.45 +5.16%
RAMBUS INC RMBS 12.36 +4.83%
SHORETEL INC SHOR 8.06 +3.47%