Himax Technologies (NASDAQ:HIMX) Shares Up 11.9% – Time to Buy?

Himax Technologies, Inc. (NASDAQ:HIMX) shot up 11.9% during mid-day trading on Monday . The stock traded as high as $22.31 and last traded at $23.0110. 2,660,888 shares were traded during mid-day trading, a decline of 19% from the average session volume of 3,265,846 shares. The stock had previously closed at $20.57.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HIMX. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 price target on shares of Himax Technologies in a report on Wednesday, February 4th. Wall Street Zen raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.00.

Himax Technologies Stock Up 9.4%

The company has a quick ratio of 1.42, a current ratio of 1.62 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.18 billion, a PE ratio of 122.35 and a beta of 2.24. The firm’s 50 day moving average is $13.45 and its 200-day moving average is $9.99.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $199.01 million for 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 company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. As a group, equities research analysts expect that Himax Technologies, Inc. will post 0.4 earnings per share for the current fiscal year.

Himax Technologies Cuts Dividend

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

Hedge Funds Weigh In On Himax Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in Himax Technologies by 51.0% during the first quarter. EverSource Wealth Advisors LLC now owns 7,589 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 2,564 shares during the last quarter. Royal Bank of Canada increased its position in Himax Technologies by 31.8% during the first quarter. Royal Bank of Canada now owns 193,024 shares of the semiconductor company’s stock worth $1,519,000 after purchasing an additional 46,582 shares during the last quarter. Lazard Asset Management LLC increased 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 worth $50,019,000 after purchasing an additional 637,020 shares during the last quarter. Waverly Advisors LLC increased its position in Himax Technologies by 11.5% during the first quarter. Waverly Advisors LLC now owns 18,065 shares of the semiconductor company’s stock worth $142,000 after purchasing an additional 1,862 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Himax Technologies by 233.3% during the first quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company’s stock worth $5,096,000 after purchasing an additional 453,200 shares during the last quarter. Institutional investors and hedge funds 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.