Himax Technologies (NASDAQ:HIMX) Trading 6.6% Higher – What’s Next?

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) traded up 6.6% during mid-day trading on Tuesday . The stock traded as high as $19.16 and last traded at $19.29. 3,154,171 shares changed hands during trading, a decline of 1% from the average session volume of 3,186,642 shares. The stock had previously closed at $18.10.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Himax Technologies in a report on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 target price on shares of Himax Technologies in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Himax Technologies has an average rating of “Hold” and a consensus target price of $8.00.

Himax Technologies Price Performance

The company has a current ratio of 1.62, a quick ratio of 1.42 and a debt-to-equity ratio of 0.02. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 97.78 and a beta of 2.03. The company’s 50-day moving average is $11.12 and its 200-day moving average is $9.16.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $199.01 million for the quarter, compared to analyst estimates of $195.01 million. Himax Technologies had a net margin of 3.91% and a return on equity of 3.57%. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. Equities research analysts predict that Himax Technologies, Inc. will post 0.4 earnings per share for the current year.

Himax Technologies Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a dividend of $0.252 per share. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 122.0%. Himax Technologies’s dividend payout ratio (DPR) is currently 120.00%.

Institutional Trading of Himax Technologies

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Himax Technologies by 51.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,589 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 2,564 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Himax Technologies by 31.8% during the first quarter. Royal Bank of Canada now owns 193,024 shares of the semiconductor company’s stock worth $1,519,000 after purchasing an additional 46,582 shares during the period. Lazard Asset Management LLC raised its stake in Himax Technologies by 11.1% during the first quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company’s stock worth $50,019,000 after buying an additional 637,020 shares during the last quarter. Waverly Advisors LLC increased its stake in Himax Technologies by 11.5% in the first quarter. Waverly Advisors LLC now owns 18,065 shares of the semiconductor company’s stock valued at $142,000 after purchasing an additional 1,862 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Himax Technologies by 233.3% in the first quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company’s stock valued at $5,096,000 after purchasing an additional 453,200 shares in the last quarter. Institutional investors and hedge funds own 69.81% of the company’s stock.

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.