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 $13.35 and traded as high as $13.93. Himax Technologies shares last traded at $13.68, with a volume of 702,604 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Himax Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Himax Technologies currently has a consensus rating of "Hold" and an average price target of $8.00.
Check Out Our Latest Stock Analysis on Himax Technologies
Himax Technologies Trading Up 0.9%
The stock has a 50-day simple moving average of $13.82 and a two-hundred day simple moving average of $13.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 1.55. The firm has a market cap of $2.39 billion, a PE ratio of 66.41 and a beta of 2.34.
Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $222.99 million. During the same quarter in the prior year, the business earned $0.10 EPS. The business's revenue for the quarter 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, sell-side analysts anticipate that Himax Technologies, Inc. will post 0.4 EPS for the current year.
Institutional Investors Weigh In On Himax Technologies
Large investors have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in shares of Himax Technologies during the 3rd quarter valued at $28,000. Advisory Services Network LLC bought a new stake in shares of Himax Technologies in the third quarter worth $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Himax Technologies in the fourth quarter worth $41,000. EFG International AG bought a new position in Himax Technologies in the fourth quarter valued at about $41,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in Himax Technologies by 976.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,340 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 4,844 shares during the period. Institutional investors own 69.81% of the company's stock.
About Himax Technologies
(
Get Free Report)
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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