Himax Technologies (NASDAQ:HIMX) Stock Price Up 6.6% – Here’s Why

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) rose 6.6% during mid-day trading on Tuesday . The company traded as high as $19.16 and last traded at $19.29. Approximately 3,154,171 shares were traded during trading, a decline of 1% from the average daily volume of 3,186,642 shares. The stock had previously closed at $18.10.

Wall Street Analysts Forecast Growth

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

Himax Technologies Stock Up 6.3%

The company has a current ratio of 1.62, a quick ratio of 1.42 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 101.48 and a beta of 2.03. The company has a 50-day moving average of $11.58 and a 200-day moving average of $9.30.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $195.01 million. During the same quarter in the prior year, the business posted $0.11 EPS. Himax Technologies’s revenue for the quarter was down 7.5% compared to the same quarter last year. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. On average, equities analysts predict that Himax Technologies, Inc. will post 0.4 earnings per share for the current fiscal year.

Himax Technologies Cuts Dividend

The company also recently disclosed 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 of this dividend is Tuesday, June 30th. This represents a dividend yield of 122.0%. Himax Technologies’s dividend payout ratio is currently 180.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HIMX. Triumph Capital Management acquired a new stake in Himax Technologies during the third quarter worth about $28,000. Advisory Services Network LLC purchased a new position in Himax Technologies in the third quarter valued at $28,000. Ameriflex Group Inc. increased its holdings in Himax Technologies by 100.0% in the third quarter. Ameriflex Group Inc. now owns 3,600 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 1,800 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Himax Technologies in the fourth quarter valued at approximately $41,000. Finally, EFG International AG acquired a new stake in Himax Technologies in the fourth quarter valued at approximately $41,000. 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.