Himax Technologies (NASDAQ:HIMX) Trading 9.5% Higher – Here’s Why

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) shot up 9.5% during mid-day trading on Monday . The stock traded as high as $14.37 and last traded at $14.3990. Approximately 755,550 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 3,357,263 shares. The stock had previously closed at $13.15.

Himax Technologies Trading Down 1.8%

The company has a 50 day simple moving average of $17.54 and a 200 day simple moving average of $11.70. The company has a market capitalization of $2.45 billion, a PE ratio of 71.69 and a beta of 2.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.42 and a current ratio of 1.62.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Himax Technologies had a return on equity of 3.57% and a net margin of 3.91%.The firm had revenue of $199.01 million during the quarter, compared to analysts’ expectations of $195.01 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. 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 announced an annual dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be given a $0.252 dividend. This represents a dividend yield of 164.0%. The ex-dividend date is Tuesday, June 30th. Himax Technologies’s dividend payout ratio is 120.00%.

Institutional Trading of Himax Technologies

Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Himax Technologies by 24.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,971 shares of the semiconductor company’s stock valued at $7,046,000 after purchasing an additional 162,809 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Himax Technologies by 3.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,400,014 shares of the semiconductor company’s stock worth $36,036,000 after buying an additional 165,508 shares in the last quarter. Clark Capital Management Group Inc. acquired a new position in Himax Technologies during the third quarter worth $1,056,000. Handelsbanken Fonder AB boosted its stake in Himax Technologies by 95.7% during the fourth quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company’s stock worth $28,086,000 after buying an additional 1,676,831 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings 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 valued at $50,019,000 after buying an additional 637,020 shares in the last quarter. Hedge funds and other institutional investors 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.