Himax Technologies (NASDAQ:HIMX) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Himax shares crossed above their 200-day moving average of $13.98, reaching $14.64 before trading at $14.28; the stock was recently down 2.9%.
• Analysts maintain a consensus “Hold” rating with an $8.00 price target, although Wall Street Zen upgraded the stock from “Hold” to “Buy.”
• Himax beat quarterly expectations with $0.11 EPS and $227.37 million in revenue, up 5.9% year over year; institutional investors own approximately 69.81% of the shares.

Shares of Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.98 and traded as high as $14.64. Himax Technologies shares last traded at $14.28, with a volume of 836,794 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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, Based on data from MarketBeat, Himax Technologies has a consensus rating of "Hold" and a consensus price target of $8.00.

Himax Technologies Trading Down 2.9%

The company has a market cap of $2.49 billion, a price-to-earnings ratio of 69.32 and a beta of 2.34. The business's fifty day moving average price is $13.71 and its 200 day moving average price is $13.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.55 and a quick ratio of 1.36.

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 for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $227.37 million during the quarter, compared to the consensus estimate of $222.99 million. Himax Technologies had a return on equity of 3.90% and a net margin of 4.26%.Himax Technologies's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS.

Hedge Funds Weigh In On Himax Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its holdings in Himax Technologies by 11.1% in the first quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company's stock valued at $50,019,000 after acquiring an additional 637,020 shares during the last quarter. Renaissance Technologies LLC increased its position in Himax Technologies by 233.3% during the 1st quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company's stock valued at $5,096,000 after purchasing an additional 453,200 shares during the period. Public Employees Retirement System of Ohio bought a new position in Himax Technologies during the 2nd quarter worth approximately $1,717,000. Engineers Gate Manager LP raised its holdings in Himax Technologies by 776.3% during the 2nd quarter. Engineers Gate Manager LP now owns 116,716 shares of the semiconductor company's stock worth $1,790,000 after purchasing an additional 103,397 shares during the last quarter. Finally, Himension Capital Singapore PTE. LTD. acquired a new position in shares of Himax Technologies in the 1st quarter worth approximately $485,000. 69.81% of the stock is owned by institutional investors and hedge funds.

About Himax Technologies

Himax Technologies, Inc is a fabless semiconductor company that develops display imaging technologies and related products. The company's solutions are used in consumer electronics, automotive systems, industrial applications and other products that incorporate displays, cameras or sensing capabilities.

Himax's product portfolio includes display driver integrated circuits and timing controllers for applications such as televisions, monitors, laptops, tablets, smartphones and automotive displays.

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