Himax Technologies (NASDAQ:HIMX) Trading Down 13.7% – Time to Sell?

Himax Technologies, Inc. (NASDAQ:HIMX) shares were down 13.7% on Friday . The stock traded as low as $20.50 and last traded at $20.6440. Approximately 2,737,150 shares were traded during trading, a decline of 19% from the average daily volume of 3,379,849 shares. The stock had previously closed at $23.93.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Himax Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.00.

Himax Technologies Stock Performance

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 company’s 50-day moving average is $14.37 and its two-hundred day moving average is $10.34. The company has a market capitalization of $3.50 billion, a P/E ratio of 102.46 and a beta of 2.25.

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

Himax Technologies Cuts Dividend

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

Hedge Funds Weigh In On Himax Technologies

A number of large investors have recently modified their holdings of HIMX. Triumph Capital Management bought a new position in Himax Technologies during the third quarter valued at approximately $28,000. Advisory Services Network LLC bought a new position in Himax Technologies during the third quarter valued at approximately $28,000. Ameriflex Group Inc. grew its position in Himax Technologies by 100.0% during the third quarter. Ameriflex Group Inc. now owns 3,600 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 1,800 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in Himax Technologies during the fourth quarter valued at approximately $41,000. Finally, EFG International AG bought a new position in Himax Technologies during the fourth quarter valued at approximately $41,000. 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.