Himax Technologies (NASDAQ:HIMX) Shares Gap Down – Time to Sell?

Himax Technologies, Inc. (NASDAQ:HIMX) gapped down before the market opened on Friday . The stock had previously closed at $20.68, but opened at $19.00. Himax Technologies shares last traded at $18.7410, with a volume of 1,147,377 shares trading hands.

Analysts Set New Price Targets

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

Himax Technologies Trading Down 7.1%

The firm has a market cap of $3.35 billion, a PE ratio of 98.01 and a beta of 2.03. 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 company’s 50 day moving average price is $10.69 and its two-hundred day moving average price is $9.03.

Himax Technologies (NASDAQ:HIMX) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $195.01 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. As a group, sell-side analysts forecast that Himax Technologies, Inc. will post 0.4 EPS for the current year.

Himax Technologies Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a $0.252 dividend. The ex-dividend date is Tuesday, June 30th. This represents a dividend yield of 122.0%. Himax Technologies’s dividend payout ratio is presently 180.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Triumph Capital Management bought a new position in shares of Himax Technologies in the third quarter worth about $28,000. Advisory Services Network LLC bought a new position in shares of Himax Technologies in the third quarter worth about $28,000. Ameriflex Group Inc. grew its holdings in shares of Himax Technologies by 100.0% in the third quarter. Ameriflex Group Inc. now owns 3,600 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 1,800 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Himax Technologies in the fourth quarter worth about $41,000. Finally, EFG International AG bought a new position in shares of Himax Technologies in the fourth quarter worth about $41,000. 69.81% of the stock is currently 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.