Himax Technologies (NASDAQ:HIMX) Trading Up 6% – Here’s What Happened

Himax Technologies, Inc. (NASDAQ:HIMX) shares shot up 6% on Friday . The company traded as high as $14.74 and last traded at $14.61. Approximately 295,913 shares changed hands during trading, a decline of 89% from the average session volume of 2,817,264 shares. The stock had previously closed at $13.78.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Himax Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Himax Technologies Stock Performance

The firm’s fifty day simple moving average is $13.78 and its 200 day simple moving average is $13.57. The company has a market capitalization of $2.56 billion, a PE ratio of 71.42 and a beta of 2.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.55 and a quick ratio of 1.36.

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

Institutional Investors Weigh In On Himax Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC increased its holdings in shares of Himax Technologies by 11.1% during the 1st quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company’s stock valued at $50,019,000 after purchasing an additional 637,020 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Himax Technologies by 95.7% in the 4th quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company’s stock valued at $28,086,000 after purchasing an additional 1,676,831 shares during the period. State Street Corp boosted its holdings in Himax Technologies by 9.6% during the fourth quarter. State Street Corp now owns 1,600,126 shares of the semiconductor company’s stock worth $13,105,000 after buying an additional 139,703 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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 buying an additional 453,200 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Himax Technologies by 16.6% during the fourth quarter. Wells Fargo & Company MN now owns 441,980 shares of the semiconductor company’s stock valued at $3,620,000 after buying an additional 62,949 shares during the period. 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.