Himax Technologies (NASDAQ:HIMX) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.15 and traded as high as $14.41. Himax Technologies shares last traded at $14.06, with a volume of 724,263 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Himax Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Himax Technologies presently 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 $2.45 billion, a P/E ratio of 68.25 and a beta of 2.30. The company’s 50 day moving average price is $14.16 and its 200-day moving average price is $13.15. The company has a quick ratio of 1.36, a current ratio of 1.55 and a debt-to-equity ratio of 0.02.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The company had revenue of $227.37 million for the quarter, compared to analysts’ expectations of $222.99 million. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. Himax Technologies’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. As a group, sell-side analysts expect that Himax Technologies, Inc. will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On Himax Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Himax Technologies by 3.7% in the first quarter. Royal Bank of Canada now owns 106,503 shares of the semiconductor company’s stock worth $782,000 after acquiring an additional 3,811 shares during the period. Goldman Sachs Group Inc. increased its position in Himax Technologies by 127.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 240,411 shares of the semiconductor company’s stock valued at $1,767,000 after purchasing an additional 134,799 shares during the period. Geode Capital Management LLC raised its holdings in Himax Technologies by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 130,607 shares of the semiconductor company’s stock worth $1,166,000 after purchasing an additional 7,434 shares during the last quarter. Cetera Investment Advisers bought a new position in Himax Technologies during the 2nd quarter worth approximately $90,000. Finally, Franklin Resources Inc. bought a new position in Himax Technologies during the 2nd quarter worth approximately $134,000. 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.