Himax Technologies (NASDAQ:HIMX) Trading Down 13.3% – Here’s What Happened

Himax Technologies, Inc. (NASDAQ:HIMX) traded down 13.3% during trading on Thursday . The company traded as low as $7.93 and last traded at $7.87. 1,294,932 shares traded hands during trading, a decline of 35% from the average session volume of 1,985,326 shares. The stock had previously closed at $9.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Himax Technologies in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.90.

Himax Technologies Stock Performance

The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 18.89 and a beta of 2.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 1.54. The stock’s 50-day simple moving average is $8.79 and its two-hundred day simple moving average is $8.55.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.01 earnings per share for the quarter. Himax Technologies had a net margin of 8.34% and a return on equity of 8.34%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. Himax Technologies has set its Q4 2025 guidance at 0.020-0.040 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC lifted its position in Himax Technologies by 5.5% during the 3rd quarter. ProShare Advisors LLC now owns 24,700 shares of the semiconductor company’s stock worth $218,000 after acquiring an additional 1,280 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Himax Technologies by 6.0% during the second quarter. Ballentine Partners LLC now owns 37,533 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 2,109 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Himax Technologies by 16.2% during the first quarter. Bank of New York Mellon Corp now owns 16,839 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 2,348 shares during the last quarter. US Bancorp DE raised its position in shares of Himax Technologies by 11.6% during the first quarter. US Bancorp DE now owns 27,507 shares of the semiconductor company’s stock valued at $202,000 after buying an additional 2,852 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Himax Technologies by 109.8% during the second quarter. EverSource Wealth Advisors LLC now owns 6,056 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 3,169 shares during the last quarter. Institutional investors and hedge funds own 69.81% of the company’s stock.

About Himax Technologies

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.