Himax Technologies (NASDAQ:HIMX) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Himax Technologies, Inc. (NASDAQ:HIMX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.41 and traded as high as $16.57. Himax Technologies shares last traded at $15.09, with a volume of 3,376,026 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Himax Technologies presently has an average rating of “Hold” and an average target price of $8.00.

Himax Technologies Stock Performance

The stock has a 50 day simple moving average of $17.07 and a 200 day simple moving average of $11.41. 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 has a market cap of $2.63 billion, a price-to-earnings ratio of 76.99 and a beta of 2.25.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $199.01 million during the quarter, compared to analyst estimates 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 for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. As a group, analysts predict that Himax Technologies, Inc. will post 0.4 EPS for the current year.

Himax Technologies Cuts Dividend

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

Institutional Trading of Himax Technologies

A number of hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC lifted its position in shares of 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 purchasing an additional 637,020 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Himax Technologies by 3.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,400,014 shares of the semiconductor company’s stock valued at $36,036,000 after purchasing an additional 165,508 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in Himax Technologies by 95.7% during the 4th quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company’s stock valued at $28,086,000 after purchasing an additional 1,676,831 shares in the last quarter. State Street Corp increased its stake in Himax Technologies by 9.6% during the 4th quarter. State Street Corp now owns 1,600,126 shares of the semiconductor company’s stock worth $13,105,000 after buying an additional 139,703 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Himax Technologies by 24.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,971 shares of the semiconductor company’s stock worth $7,046,000 after buying an additional 162,809 shares during the period. 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.