Inspire Investing LLC Acquires Shares of 92,574 Himax Technologies, Inc. $HIMX

Key Points

• Inspire Investing LLC has acquired 92,574 shares of Himax Technologies, valued at approximately $827,000, indicating a growing institutional interest in the company.
• Wall Street analysts have rated Himax Technologies with a consensus of "Moderate Buy" and a price target of $11.90, highlighting potential for future growth.
• Despite meeting earnings estimates, Himax reported a 10.4% decline in quarterly revenue compared to the previous year, raising concerns about its financial performance moving forward.

Inspire Investing LLC acquired a new stake in Himax Technologies, Inc. (NASDAQ:HIMX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 92,574 shares of the semiconductor company's stock, valued at approximately $827,000. Inspire Investing LLC owned 0.05% of Himax Technologies as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HIMX. Caitong International Asset Management Co. Ltd raised its stake in Himax Technologies by 42,262.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,389 shares of the semiconductor company's stock valued at $25,000 after buying an additional 3,381 shares during the period. Wealthquest Corp bought a new stake in Himax Technologies in the first quarter valued at approximately $27,000. USA Financial Formulas bought a new stake in Himax Technologies in the second quarter valued at approximately $32,000. JNBA Financial Advisors bought a new stake in Himax Technologies in the first quarter valued at approximately $33,000. Finally, GAMMA Investing LLC raised its stake in Himax Technologies by 20.9% in the first quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company's stock valued at $91,000 after buying an additional 2,154 shares during the period. Institutional investors own 69.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Himax Technologies in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.90.

Himax Technologies Price Performance

Shares of NASDAQ HIMX opened at $8.13 on Monday. The firm has a market cap of $1.42 billion, a P/E ratio of 19.36 and a beta of 2.31. The company has a current ratio of 1.54, a quick ratio of 1.37 and a debt-to-equity ratio of 0.03. Himax Technologies, Inc. has a 1-year low of $5.12 and a 1-year high of $13.91. The business's 50 day moving average is $8.26 and its 200-day moving average is $8.22.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $214.80 million for the quarter, compared to analyst estimates of $212.00 million. Himax Technologies had a return on equity of 8.34% and a net margin of 8.34%.The firm's quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. Himax Technologies has set its Q3 2025 guidance at -0.040--0.020 EPS.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.