Himax Technologies (NASDAQ:HIMX) Trading 6% Higher - Time to Buy?

Key Points

• Himax Technologies shares rose 6.7% to $14.61 in Friday trading, although volume was 89% below the stock’s average daily volume.
• The company exceeded quarterly expectations, reporting EPS of $0.11 versus $0.10 expected and revenue of $227.37 million, up 5.9% year over year. Management guided for third-quarter EPS of $0.08–$0.10.
• Analyst sentiment remains cautious: Wall Street Zen upgraded the stock to “Buy,” but the broader consensus is “Hold,” with a $8.00 price target versus the current share price. Institutional investors own 69.81% of the stock.

Shares of Himax Technologies, Inc. (NASDAQ:HIMX - Get Free Report) shot up 6% during mid-day trading on Friday . The stock traded as high as $14.74 and last traded at $14.61. 295,913 shares changed hands during trading, a decline of 89% from the average daily volume of 2,817,264 shares. The stock had previously closed at $13.78.

Wall Street Analyst Weigh In

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

Himax Technologies Trading Up 6.7%

The company has a current ratio of 1.55, a quick ratio of 1.36 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $2.56 billion, a PE ratio of 71.42 and a beta of 2.34. The stock has a 50 day moving average price of $13.78 and a 200-day moving average price of $13.57.

Himax Technologies (NASDAQ:HIMX - Get Free Report) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $0.11 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $222.99 million. During the same period in the prior year, the company earned $0.10 earnings per share. The firm's revenue was up 5.9% on a year-over-year basis. 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 modified their holdings of the business. Lazard Asset Management LLC grew its stake in Himax Technologies by 11.1% during the 1st quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company's stock worth $50,019,000 after buying an additional 637,020 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Himax Technologies by 95.7% in the fourth quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company's stock worth $28,086,000 after acquiring an additional 1,676,831 shares in the last quarter. State Street Corp boosted its holdings in Himax Technologies by 9.6% in the fourth quarter. State Street Corp now owns 1,600,126 shares of the semiconductor company's stock worth $13,105,000 after acquiring an additional 139,703 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Himax Technologies by 233.3% during the first quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company's stock worth $5,096,000 after acquiring an additional 453,200 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Himax Technologies by 16.6% during the fourth quarter. Wells Fargo & Company MN now owns 441,980 shares of the semiconductor company's stock worth $3,620,000 after acquiring an additional 62,949 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors.

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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