Himax Technologies (NASDAQ:HIMX) Shares Gap Down – Time to Sell?

Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $24.19, but opened at $22.60. Himax Technologies shares last traded at $22.4780, with a volume of 741,119 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Himax Technologies presently has an average rating of “Hold” and an average price target of $8.00.

Himax Technologies Trading Down 16.1%

The firm has a market cap of $3.50 billion, a P/E ratio of 102.45 and a beta of 2.25. The business’s 50-day moving average is $14.59 and its two-hundred day moving average is $10.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.62 and a quick ratio of 1.42.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $199.01 million during the quarter, compared to the consensus estimate of $195.01 million. Himax Technologies had a net margin of 3.91% and a return on equity of 3.57%. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. As a group, analysts predict that Himax Technologies, Inc. will post 0.4 earnings per share for the current fiscal year.

Himax Technologies Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be given a $0.252 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a yield of 122.0%. Himax Technologies’s dividend payout ratio (DPR) is 120.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HIMX. Royal Bank of Canada grew its position in Himax Technologies by 3.7% in the first quarter. Royal Bank of Canada now owns 106,503 shares of the semiconductor company’s stock valued at $782,000 after purchasing an additional 3,811 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Himax Technologies by 127.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 240,411 shares of the semiconductor company’s stock valued at $1,767,000 after acquiring an additional 134,799 shares during the period. Geode Capital Management LLC grew its position in shares of Himax Technologies by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 130,607 shares of the semiconductor company’s stock valued at $1,166,000 after acquiring an additional 7,434 shares during the period. Cetera Investment Advisers bought a new position in shares of Himax Technologies in the 2nd quarter valued at about $90,000. Finally, Franklin Resources Inc. bought a new position in shares of Himax Technologies in the 2nd quarter valued at about $134,000. Institutional investors own 69.81% of the company’s stock.

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.