Himax Technologies (NASDAQ:HIMX) Trading 6.6% Higher – What’s Next?

Himax Technologies, Inc. (NASDAQ:HIMX) shares traded up 6.6% on Tuesday . The company traded as high as $19.16 and last traded at $19.29. 3,154,171 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 3,186,642 shares. The stock had previously closed at $18.10.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Himax Technologies in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $8.00 target price on shares of Himax Technologies in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Himax Technologies currently has a consensus rating of “Hold” and an average price target of $8.00.

Himax Technologies Stock Up 5.5%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.42 and a current ratio of 1.62. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 97.78 and a beta of 2.03. The stock’s fifty day moving average is $11.12 and its two-hundred day moving average is $9.16.

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

Himax Technologies Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of Himax Technologies by 51.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,589 shares of the semiconductor company’s stock valued at $60,000 after acquiring an additional 2,564 shares during the period. Royal Bank of Canada grew its position in shares of Himax Technologies by 31.8% during the 1st quarter. Royal Bank of Canada now owns 193,024 shares of the semiconductor company’s stock valued at $1,519,000 after acquiring an additional 46,582 shares during the period. Lazard Asset Management LLC lifted its stake in shares of 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 valued at $50,019,000 after buying an additional 637,020 shares in the last quarter. Waverly Advisors LLC lifted its stake in shares of Himax Technologies by 11.5% during the 1st quarter. Waverly Advisors LLC now owns 18,065 shares of the semiconductor company’s stock valued at $142,000 after buying an additional 1,862 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of 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 buying an additional 453,200 shares in the last quarter. 69.81% of the stock is 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.