Shares of Himax Technologies, Inc. (NASDAQ:HIMX – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $19.11, but opened at $20.65. Himax Technologies shares last traded at $20.2050, with a volume of 1,833,404 shares traded.
Analysts Set New Price Targets
Several equities research analysts have issued reports on HIMX shares. Weiss Ratings restated a “hold (c)” rating on shares of Himax Technologies in a research report on Thursday, January 22nd. Morgan Stanley restated an “equal weight” rating and set a $8.00 price objective on shares of Himax Technologies in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $8.00.
View Our Latest Research Report on HIMX
Himax Technologies Trading Up 8.0%
Himax Technologies (NASDAQ:HIMX – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. Himax Technologies had a net margin of 3.91% and a return on equity of 3.57%. The company had revenue of $199.01 million during the quarter, compared to the consensus estimate of $195.01 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS.
Institutional Investors Weigh In On Himax Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC raised its position in shares of Himax Technologies by 9.4% in the fourth quarter. Lazard Asset Management LLC now owns 5,718,698 shares of the semiconductor company’s stock valued at $46,836,000 after buying an additional 489,903 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Himax Technologies by 3.9% in the fourth 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 acquiring an additional 165,508 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Himax Technologies by 95.7% in the fourth quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company’s stock valued at $28,086,000 after acquiring an additional 1,676,831 shares during the last quarter. State Street Corp increased its stake in Himax Technologies by 9.6% in the fourth quarter. State Street Corp now owns 1,600,126 shares of the semiconductor company’s stock valued at $13,105,000 after acquiring an additional 139,703 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in 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 acquiring an additional 162,809 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors and hedge funds.
Himax Technologies Company Profile
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.
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