Himax Technologies (NASDAQ:HIMX) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Himax Technologies shares have recently crossed above their 200-day moving average of $8.24, reaching up to $8.88 during trading.
• In the latest quarterly earnings report, the company matched analysts' expectations with $0.10 earnings per share but saw a 10.4% decline in revenue year-over-year.
• Institutional investors now hold 69.81% of Himax Technologies stock, with significant increases in stakes from firms like Robeco Institutional Asset Management and Allianz Asset Management.

Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.24 and traded as high as $8.88. Himax Technologies shares last traded at $8.78, with a volume of 1,580,980 shares traded.

Himax Technologies Stock Performance

The firm's fifty day moving average price is $8.44 and its 200-day moving average price is $8.21. The company has a market cap of $1.55 billion, a P/E ratio of 21.10 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 released its earnings results on Thursday, August 7th. The semiconductor company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Himax Technologies had a net margin of 8.34% and a return on equity of 8.34%. The business had revenue of $214.80 million during the quarter, compared to analysts' expectations of $212.00 million. During the same quarter last year, the company earned $0.17 earnings per share. The firm's revenue was down 10.4% on a year-over-year basis. Himax Technologies has set its Q3 2025 guidance at -0.040--0.020 EPS.

Institutional Trading of Himax Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position 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 worth $25,000 after purchasing an additional 3,381 shares during the period. USA Financial Formulas bought a new position in shares of Himax Technologies during the 2nd quarter worth about $32,000. Wealthquest Corp bought a new position in shares of Himax Technologies during the 1st quarter worth about $27,000. JNBA Financial Advisors bought a new stake in Himax Technologies in the first quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC increased its stake in Himax Technologies by 109.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,056 shares of the semiconductor company's stock valued at $54,000 after acquiring an additional 3,169 shares during the period. 69.81% of the stock is currently owned by institutional investors.

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.