Himax Technologies (NASDAQ:HIMX) Shares Cross Above 200-Day Moving Average – Time to Sell?

Himax Technologies, Inc. (NASDAQ:HIMX) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

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

Himax Technologies Stock Performance

The firm’s 50 day simple moving average is $14.07 and its 200 day simple moving average is $13.15. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 66.21 and a beta of 2.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 1.55.

Himax Technologies (NASDAQ:HIMX) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $227.37 million for the quarter, compared to analyst estimates of $222.99 million. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. Sell-side analysts forecast that Himax Technologies, Inc. will post 0.4 earnings per share for the current fiscal year.

Institutional Trading of Himax Technologies

A number of hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in Himax Technologies by 11.1% during 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 in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Himax Technologies by 95.7% during the 4th quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company’s stock worth $28,086,000 after purchasing an additional 1,676,831 shares during the period. State Street Corp increased its holdings in shares of Himax Technologies by 9.6% during the 4th quarter. State Street Corp now owns 1,600,126 shares of the semiconductor company’s stock valued at $13,105,000 after purchasing an additional 139,703 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Himax Technologies by 24.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,971 shares of the semiconductor company’s stock valued at $7,046,000 after purchasing an additional 162,809 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Himax Technologies by 233.3% in 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. Hedge funds and other institutional investors own 69.81% of the company’s stock.

About Himax Technologies

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.