Wall Street Zen Upgrades Himax Technologies (NASDAQ:HIMX) to "Buy"

Key Points

• Wall Street Zen upgraded Himax Technologies from “hold” to “buy,” though the broader analyst consensus remains “hold,” with a $8.00 target price.
• Himax’s latest quarter beat EPS estimates at $0.11 versus $0.09, and revenue rose 23.9% year over year; revenue was slightly below forecasts.
• The near-term outlook is weak: the company expects Q4 revenue to decline 22%–26% sequentially, citing softer automotive-chip demand, while reported supply risks add uncertainty.

Himax Technologies (NASDAQ:HIMX - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors 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 research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $8.00.

Himax Technologies Stock Performance

Shares of NASDAQ HIMX opened at $8.49 on Friday. Himax Technologies has a 52-week low of $6.85 and a 52-week high of $25.09. The firm's fifty day moving average is $12.90 and its two-hundred day moving average is $12.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 1.55. The company has a market cap of $1.48 billion, a P/E ratio of 50.73 and a beta of 2.46.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last released its earnings results on Thursday, November 5th. The semiconductor company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. The business had revenue of $246.75 million during the quarter, compared to analysts' expectations of $247.76 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. The company's quarterly revenue was up 23.9% on a year-over-year basis. As a group, analysts anticipate that Himax Technologies will post 0.40 EPS for the current fiscal year.

Institutional Investors Weigh In On Himax Technologies

Hedge funds have recently added to or reduced their stakes in the business. Aberdeen Group plc acquired a new stake in Himax Technologies during the third quarter worth about $1,688,000. Allworth Financial LP lifted its holdings in shares of Himax Technologies by 115.1% during the 3rd quarter. Allworth Financial LP now owns 4,885 shares of the semiconductor company's stock valued at $75,000 after acquiring an additional 2,614 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Himax Technologies by 3.7% in the third quarter. Russell Investments Group Ltd. now owns 335,078 shares of the semiconductor company's stock worth $4,725,000 after purchasing an additional 11,887 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Himax Technologies by 16.3% during the third quarter. Commonwealth Equity Services LLC now owns 15,547 shares of the semiconductor company's stock worth $219,000 after buying an additional 2,181 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Himax Technologies during the third quarter valued at $1,054,000. 69.81% of the stock is owned by hedge funds and other institutional investors.

Himax Technologies News Roundup

Here are the key news stories impacting Himax Technologies this week:

• Positive Sentiment: Himax reported Q3 earnings of $0.11 per share, beating the $0.09 consensus, while revenue grew 23.9% year over year. Q3 2026 financial results and guidance
• Neutral Sentiment: Revenue of about $246.8 million was slightly below analyst expectations of $247.8 million, while gross margin and revenue were in line with the company’s prior guidance. Q3 revenue earnings flash
• Negative Sentiment: The outlook is the bigger concern: Himax expects Q4 revenue to fall 22%–26% sequentially. CEO Jordan Wu attributed the abrupt slowdown to weaker automotive-chip demand after China’s early-October holiday, following aggressive customer purchases in prior quarters. Himax cites abrupt correction in auto-chip demand
• Negative Sentiment: Investor caution is compounded by reported supply risks, which add uncertainty to the recovery outlook. Q3 deep dive on auto IC correction and supply risks

About Himax Technologies

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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