Himax Technologies (NASDAQ:HIMX) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Himax Technologies shares rose above their 200-day moving average, reaching $15.33 and last trading at $15.24, compared with a 200-day average of $14.21.
• Analyst sentiment remains cautious: the stock carries an overall “Hold” rating and an $8.00 consensus price target, despite one recent upgrade to “Buy.”
• Himax exceeded quarterly expectations with $0.11 EPS and $227.37 million in revenue; revenue increased 5.9% year over year, while institutional investors own 69.81% of the company.

Shares of Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $14.21 and traded as high as $15.33. Himax Technologies shares last traded at $15.24, with a volume of 1,409,563 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Himax Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Himax Technologies in a research note on Friday, September 25th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Himax Technologies has an average rating of "Hold" and a consensus price target of $8.00.

Himax Technologies Stock Performance

The stock's 50-day moving average price is $13.89 and its 200 day moving average price is $14.21. 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 company has a market cap of $2.66 billion, a P/E ratio of 73.98 and a beta of 2.34.

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

Hedge Funds Weigh In On Himax Technologies

A number of institutional investors have recently made changes to their positions in the business. WINTON GROUP Ltd bought a new stake in Himax Technologies during the 2nd quarter valued at approximately $160,000. Engineers Gate Manager LP increased its position in Himax Technologies by 776.3% in the 2nd quarter. Engineers Gate Manager LP now owns 116,716 shares of the semiconductor company's stock worth $1,790,000 after buying an additional 103,397 shares during the period. Integrated Wealth Concepts LLC bought a new position in Himax Technologies in the 2nd quarter worth approximately $26,000. IFP Advisors Inc lifted its holdings in shares of Himax Technologies by 799.9% during the second quarter. IFP Advisors Inc now owns 6,065 shares of the semiconductor company's stock worth $93,000 after buying an additional 5,391 shares during the last quarter. Finally, Corient Private Wealth LP lifted its holdings in shares of Himax Technologies by 5.5% during the second quarter. Corient Private Wealth LP now owns 23,390 shares of the semiconductor company's stock worth $359,000 after buying an additional 1,216 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors.

Himax Technologies Company Profile

Himax Technologies, Inc is a fabless semiconductor company that develops and supplies display imaging and related semiconductor solutions. Founded in 2001 and headquartered in Tainan, Taiwan, the company designs products for use in televisions, monitors, laptops, smartphones, tablets, automotive displays, industrial equipment and other consumer and commercial electronics.

Himax's product portfolio includes display driver integrated circuits and timing controllers, which manage the presentation of images on flat-panel displays.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.