Himax Technologies (NASDAQ:HIMX) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Himax Technologies shares have recently crossed above their 200-day moving average, trading at $8.54, which indicates potential bullish momentum as the moving average is $8.22.
• The company reported earnings of $0.10 per share, meeting analysts' expectations, but experienced a 10.4% year-over-year decline in revenue amounting to $214.80 million.
• Institutional investors hold 69.81% of Himax Technologies shares, with several hedge funds increasing their stakes in the company in recent quarters.

Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.22 and traded as high as $8.70. Himax Technologies shares last traded at $8.54, with a volume of 660,146 shares.

Himax Technologies Stock Performance

The stock's 50-day moving average is $8.37 and its 200-day moving average is $8.22. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 20.33 and a beta of 2.30. 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 (NASDAQ:HIMX - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $214.80 million during the quarter, compared to the consensus estimate of $212.00 million. Himax Technologies had a net margin of 8.34% and a return on equity of 8.34%. The company's revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. Himax Technologies has set its Q3 2025 guidance at -0.040--0.020 EPS.

Institutional Trading of Himax Technologies

A number of hedge funds have recently made changes to their positions in the company. QRG Capital Management Inc. raised its stake in shares of Himax Technologies by 9.5% during the first quarter. QRG Capital Management Inc. now owns 22,806 shares of the semiconductor company's stock valued at $168,000 after purchasing an additional 1,988 shares during the period. Ballentine Partners LLC raised its stake in shares of Himax Technologies by 6.0% during the second quarter. Ballentine Partners LLC now owns 37,533 shares of the semiconductor company's stock valued at $335,000 after purchasing an additional 2,109 shares during the period. GAMMA Investing LLC raised its stake in shares of Himax Technologies by 20.9% during the first quarter. GAMMA Investing LLC now owns 12,444 shares of the semiconductor company's stock valued at $91,000 after purchasing an additional 2,154 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Himax Technologies by 16.2% during the first quarter. Bank of New York Mellon Corp now owns 16,839 shares of the semiconductor company's stock valued at $124,000 after purchasing an additional 2,348 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Himax Technologies by 19.3% during the fourth quarter. Northern Trust Corp now owns 17,439 shares of the semiconductor company's stock valued at $140,000 after purchasing an additional 2,823 shares during the period. Hedge funds and other institutional investors own 69.81% of the company's stock.

Himax Technologies Company Profile

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.

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