Himax Technologies (NASDAQ:HIMX) Shares Gap Down – Should You Sell?

Himax Technologies, Inc. (NASDAQ:HIMX) shares gapped down prior to trading on Thursday . The stock had previously closed at $24.19, but opened at $22.60. Himax Technologies shares last traded at $22.4780, with a volume of 741,119 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HIMX shares. Wall Street Zen upgraded Himax Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 price objective on shares of Himax Technologies in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Himax Technologies has an average rating of “Hold” and a consensus target price of $8.00.

Himax Technologies Price Performance

The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 120.80 and a beta of 2.25. The company has a quick ratio of 1.42, a current ratio of 1.62 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average of $14.07 and a two-hundred day moving average of $10.23.

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

Himax Technologies Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.252 per share. The ex-dividend date is Tuesday, June 30th. This represents a yield of 122.0%. Himax Technologies’s payout ratio is currently 180.00%.

Institutional Investors Weigh In On Himax Technologies

Several hedge funds have recently bought and sold shares of HIMX. Handelsbanken Fonder AB lifted its stake in Himax Technologies by 95.7% in the 4th quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company’s stock worth $28,086,000 after acquiring an additional 1,676,831 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Himax Technologies by 11.1% in the 1st quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company’s stock worth $50,019,000 after acquiring an additional 637,020 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Himax Technologies by 233.3% in the 1st quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company’s stock worth $5,096,000 after acquiring an additional 453,200 shares in the last quarter. Jump Financial LLC purchased a new stake in Himax Technologies in the 2nd quarter worth about $3,194,000. Finally, First Trust Advisors LP purchased a new stake in Himax Technologies in the 3rd quarter worth about $2,154,000. 69.81% of the stock is owned by hedge funds and other institutional investors.

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.