Himax Technologies (NASDAQ:HIMX) Trading Down 13.7% – Time to Sell?

Himax Technologies, Inc. (NASDAQ:HIMX) dropped 13.7% during trading on Friday . The company traded as low as $20.50 and last traded at $20.6440. Approximately 2,737,150 shares were traded during trading, a decline of 19% from the average daily volume of 3,379,849 shares. The stock had previously closed at $23.93.

Analyst Upgrades and Downgrades

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

Himax Technologies Price Performance

The firm’s fifty day moving average price is $14.37 and its 200-day moving average price is $10.34. The stock has a market cap of $3.50 billion, a P/E ratio of 102.46 and a beta of 2.25. The company has a quick ratio of 1.42, a current ratio of 1.62 and a debt-to-equity ratio of 0.02.

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

Himax Technologies Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid 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 presently 180.00%.

Institutional Trading of Himax Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HIMX. Royal Bank of Canada lifted its stake 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 worth $782,000 after acquiring an additional 3,811 shares during the period. Goldman Sachs Group Inc. lifted its position in Himax Technologies by 127.6% during the first quarter. Goldman Sachs Group Inc. now owns 240,411 shares of the semiconductor company’s stock valued at $1,767,000 after buying an additional 134,799 shares during the period. Geode Capital Management LLC lifted its position in Himax Technologies by 6.0% during the second quarter. Geode Capital Management LLC now owns 130,607 shares of the semiconductor company’s stock valued at $1,166,000 after buying an additional 7,434 shares during the period. Cetera Investment Advisers purchased a new position in Himax Technologies during the second quarter valued at $90,000. Finally, Franklin Resources Inc. purchased a new position in Himax Technologies during the second quarter valued at $134,000. 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.