Himax Technologies (NASDAQ:HIMX) Stock Rating Lowered by Wall Street Zen

Himax Technologies (NASDAQ:HIMX) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Himax Technologies in a report on Friday, September 25th. Three research analysts have rated the stock with a Hold rating. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.00.

Himax Technologies Stock Performance

Shares of NASDAQ:HIMX opened at $11.32 on Friday. Himax Technologies has a 12 month low of $6.85 and a 12 month high of $25.09. The company has a quick ratio of 1.36, a current ratio of 1.55 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $13.58 and its 200 day simple moving average is $14.69. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 54.95 and a beta of 2.34.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $227.37 million for the quarter, compared to analysts’ expectations of $222.99 million. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. As a group, research analysts forecast that Himax Technologies will post 0.40 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HIMX. Integrated Wealth Concepts LLC acquired a new position in Himax Technologies during the second quarter worth approximately $26,000. Rockefeller Capital Management L.P. raised its stake in Himax Technologies by 976.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,340 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 4,844 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Himax Technologies by 51.0% in the first quarter. EverSource Wealth Advisors LLC now owns 7,589 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 2,564 shares during the period. IFP Advisors Inc lifted its position in shares of Himax Technologies by 799.9% during the 2nd quarter. IFP Advisors Inc now owns 6,065 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 5,391 shares during the period. Finally, Mondrian Investment Partners LTD bought a new stake in Himax Technologies during the third quarter worth about $99,000. 69.81% of the stock is currently owned by institutional investors and hedge funds.

About Himax Technologies

Himax Technologies, Inc is a fabless semiconductor company headquartered in Tainan, Taiwan. Founded in 2001, the company designs and supplies display-related integrated circuits and other semiconductor components for manufacturers of consumer electronics, automotive systems and industrial devices. Himax has been listed on the Nasdaq since 2006 under the symbol HIMX.

The company’s product portfolio includes display driver ICs, timing controllers, touch and display driver integration products, and other components used in televisions, monitors, notebook computers, smartphones, tablets and automotive displays.