Himax Technologies (NASDAQ:HIMX) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Himax Technologies shares broke above their 200-day moving average, reaching $15.75 and last trading at $15.41, compared with the $12.82 long-term average.
• The company beat quarterly expectations with adjusted EPS of $0.11 versus $0.10 expected and revenue of $227.37 million versus $222.99 million; revenue rose 5.9% year over year.
• Despite Wall Street Zen upgrading the stock to “buy,” the broader analyst consensus remains “Hold”, with an average price target of $8.00—well below the current share price.

Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.82 and traded as high as $15.75. Himax Technologies shares last traded at $15.41, with a volume of 892,175 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Himax Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Himax Technologies currently has a consensus rating of "Hold" and an average target price of $8.00.

Himax Technologies Stock Up 1.2%

The company has a quick ratio of 1.36, a current ratio of 1.55 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.69 billion, a PE ratio of 74.81 and a beta of 2.30. The business's 50-day moving average price is $14.74 and its 200-day moving average price is $12.82.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $227.37 million for the quarter, compared to the consensus estimate of $222.99 million. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. The firm's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. As a group, equities research analysts predict that Himax Technologies, Inc. will post 0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Himax Technologies

A number of hedge funds have recently modified their holdings of HIMX. Royal Bank of Canada raised its holdings in shares of Himax Technologies by 3.7% during the first quarter. Royal Bank of Canada now owns 106,503 shares of the semiconductor company's stock worth $782,000 after acquiring an additional 3,811 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Himax Technologies by 127.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 240,411 shares of the semiconductor company's stock worth $1,767,000 after purchasing an additional 134,799 shares during the last quarter. Geode Capital Management LLC increased its position in Himax Technologies by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 130,607 shares of the semiconductor company's stock worth $1,166,000 after purchasing an additional 7,434 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Himax Technologies during the 2nd quarter worth about $90,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Himax Technologies during the 2nd quarter valued at about $134,000. 69.81% of the stock is owned by institutional investors and hedge funds.

Himax Technologies Company Profile

Himax Technologies, Inc NASDAQ: HIMX is a fabless semiconductor company specializing in display imaging technologies. The company designs and develops a comprehensive portfolio of display driver integrated circuits (DDICs), timing controllers, and other high-speed interface chips that enable high-resolution panels for a wide array of electronic devices. Himax's solutions are tailored to support both LCD and OLED displays, ensuring compatibility with television sets, desktop monitors, laptops, tablets, smartphones and wearable devices.

In addition to core display driver products, Himax offers wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions for applications in augmented reality (AR) and virtual reality (VR) headsets.

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