Shares of Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.15 and traded as high as $14.41. Himax Technologies shares last traded at $14.06, with a volume of 724,263 shares trading 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 research note on Saturday, August 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Himax Technologies presently has an average rating of "Hold" and an average price target of $8.00.
View Our Latest Analysis on HIMX
Himax Technologies Stock Performance
The stock has a fifty day simple moving average of $14.16 and a two-hundred day simple moving average of $13.15. 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 stock has a market cap of $2.45 billion, a price-to-earnings ratio of 68.25 and a beta of 2.30.
Himax Technologies (NASDAQ:HIMX - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The company had revenue of $227.37 million during the quarter, compared to analysts' expectations of $222.99 million. Himax Technologies had a return on equity of 3.90% and a net margin of 4.26%.Himax Technologies's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.10 EPS. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. Analysts expect that Himax Technologies, Inc. will post 0.4 EPS for the current fiscal year.
Hedge Funds Weigh In On Himax Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new stake in shares of Himax Technologies during the third quarter worth $28,000. Advisory Services Network LLC bought a new position in shares of Himax Technologies in the 3rd quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Himax Technologies during the 4th quarter valued at $41,000. EFG International AG acquired a new stake in shares of Himax Technologies during the 4th quarter valued at $41,000. Finally, Rockefeller Capital Management L.P. grew its position in Himax Technologies by 976.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,340 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 4,844 shares during the last quarter. 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.
Recommended Stories
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Himax Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Himax Technologies wasn't on the list.
While Himax Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
