Himax Technologies (NASDAQ:HIMX) Stock Moved Down to Hold by Wall Street Zen

Key Points

• Wall Street Zen downgraded Himax Technologies from “buy” to “hold,” while Weiss Ratings maintained a “hold (c)” rating. Analysts’ consensus rating is “Hold,” with a target price of $8.00.
• HIMX shares opened at $11.32, compared with a 12-month range of $6.85 to $25.09. The stock has a market capitalization of approximately $1.97 billion and trades at a price-to-earnings ratio of 53.88.
• Himax slightly exceeded quarterly expectations, reporting $0.11 in earnings per share versus a $0.10 estimate and $227.37 million in revenue. Institutional investors own approximately 69.81% of the company, with several firms recently increasing their positions.

Himax Technologies (NASDAQ:HIMX - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Himax Technologies in a research note on Friday, September 25th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Himax Technologies presently has a consensus rating of "Hold" and a consensus target price of $8.00.

Himax Technologies Stock Performance

Shares of HIMX opened at $11.32 on Friday. The stock has a market capitalization of $1.97 billion, a PE ratio of 53.88 and a beta of 2.34. Himax Technologies has a 12-month low of $6.85 and a 12-month high of $25.09. The business's fifty day moving average price is $13.58 and its 200 day moving average price is $14.65. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.55 and a quick ratio of 1.36.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $227.37 million during the quarter, compared to analysts' expectations of $222.99 million. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. Himax Technologies's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. Equities research analysts forecast that Himax Technologies will post 0.40 EPS for the current year.

Institutional Investors Weigh In On Himax Technologies

A number of institutional investors have recently made changes to their positions in HIMX. Robeco Institutional Asset Management B.V. grew its stake in Himax Technologies by 24.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,447,022 shares of the semiconductor company's stock valued at $62,570,000 after acquiring an additional 882,739 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Himax Technologies by 11.1% in the first quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company's stock valued at $50,019,000 after purchasing an additional 637,020 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Himax Technologies by 233.3% during the first quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company's stock worth $5,096,000 after buying an additional 453,200 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Himax Technologies during the second quarter worth about $1,717,000. Finally, Engineers Gate Manager LP raised its position in Himax Technologies by 776.3% in the 2nd quarter. Engineers Gate Manager LP now owns 116,716 shares of the semiconductor company's stock valued at $1,790,000 after buying an additional 103,397 shares during the last quarter. 69.81% of the stock is owned by institutional investors and hedge funds.

Himax Technologies Company Profile

Himax Technologies, Inc is a fabless semiconductor company headquartered in Tainan, Taiwan. Founded in 2001, the company designs and supplies display-related integrated circuits and other semiconductor components for manufacturers of consumer electronics, automotive systems and industrial devices. Himax has been listed on the Nasdaq since 2006 under the symbol HIMX.

The company's product portfolio includes display driver ICs, timing controllers, touch and display driver integration products, and other components used in televisions, monitors, notebook computers, smartphones, tablets and automotive displays.

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