Himax Technologies (NASDAQ:HIMX) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Himax Technologies (NASDAQ:HIMX) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

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

Himax Technologies Trading Up 1.6%

NASDAQ:HIMX opened at $11.50 on Friday. The firm has a 50-day simple moving average of $13.54 and a 200-day simple moving average of $12.66. Himax Technologies has a one year low of $6.85 and a one year high of $25.09. The firm has a market cap of $2.01 billion, a P/E ratio of 54.95 and a beta of 2.34. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $227.37 million for the quarter, compared to the consensus estimate of $222.99 million. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. The company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. Equities analysts anticipate that Himax Technologies will post 0.40 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HIMX. Lazard Asset Management LLC lifted its stake in shares of 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 buying an additional 637,020 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Himax Technologies by 24.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,447,022 shares of the semiconductor company’s stock valued at $62,570,000 after acquiring an additional 882,739 shares during the period. Renaissance Technologies LLC increased its position 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 acquiring an additional 453,200 shares during the period. Royal Bank of Canada raised its stake in Himax Technologies by 31.8% in the 1st quarter. Royal Bank of Canada now owns 193,024 shares of the semiconductor company’s stock worth $1,519,000 after acquiring an additional 46,582 shares during the last quarter. Finally, Engineers Gate Manager LP raised its stake in Himax Technologies by 776.3% in the 2nd quarter. Engineers Gate Manager LP now owns 116,716 shares of the semiconductor company’s stock worth $1,790,000 after acquiring an additional 103,397 shares during the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

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.