Himax Technologies (NASDAQ:HIMX) Trading 5.8% Higher – Here’s Why

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) shot up 5.8% during mid-day trading on Friday . The stock traded as high as $8.91 and last traded at $8.9090. 307,901 shares were traded during mid-day trading, a decline of 67% from the average session volume of 924,151 shares. The stock had previously closed at $8.42.

Wall Street Analyst Weigh In

Several brokerages recently commented on HIMX. Weiss Ratings reissued a “hold (c)” rating on shares of Himax Technologies in a research report on Wednesday, October 8th. Zacks Research raised Himax Technologies to a “hold” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.80.

Himax Technologies Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $8.10 and a 200-day moving average of $8.50. The firm has a market capitalization of $1.50 billion, a P/E ratio of 23.86 and a beta of 1.80.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.01 earnings per share for the quarter. Himax Technologies had a return on equity of 6.98% and a net margin of 7.18%.The company had revenue of $199.16 million during the quarter, compared to the consensus estimate of $186.22 million. During the same quarter last year, the firm earned $0.07 earnings per share. The company’s revenue was down 10.5% on a year-over-year basis. Himax Technologies has set its Q4 2025 guidance at 0.020-0.040 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 grew its position in Himax Technologies by 7.7% during the second quarter. Lazard Asset Management LLC now owns 5,256,923 shares of the semiconductor company’s stock worth $46,943,000 after buying an additional 374,198 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Himax Technologies by 22.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,234,506 shares of the semiconductor company’s stock worth $37,391,000 after purchasing an additional 774,683 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Himax Technologies by 1,598.3% in the third quarter. Handelsbanken Fonder AB now owns 1,752,432 shares of the semiconductor company’s stock worth $15,474,000 after purchasing an additional 1,649,243 shares during the period. Allianz Asset Management GmbH raised its stake in Himax Technologies by 11.0% in the second quarter. Allianz Asset Management GmbH now owns 1,296,538 shares of the semiconductor company’s stock valued at $11,578,000 after purchasing an additional 128,383 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Himax Technologies by 19.9% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 662,190 shares of the semiconductor company’s stock worth $5,913,000 after purchasing an additional 109,887 shares during the period. 69.81% of the stock is currently owned by institutional investors and hedge funds.

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.