Himax Technologies (NASDAQ:HIMX) Trading Down 10.8% – Should You Sell?
by Amy Steele · The Cerbat GemShares of Himax Technologies, Inc. (NASDAQ:HIMX – Get Free Report) traded down 10.8% during mid-day trading on Tuesday . The company traded as low as $18.31 and last traded at $18.4290. 5,257,198 shares were traded during mid-day trading, an increase of 74% from the average session volume of 3,027,028 shares. The stock had previously closed at $20.65.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and issued a $8.00 price objective on shares of Himax Technologies in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Himax Technologies in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Himax Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.00.
Read Our Latest Analysis on HIMX
Himax Technologies Stock Up 0.5%
The company has a debt-to-equity ratio of 0.02, a current ratio of 1.62 and a quick ratio of 1.42. The company has a market capitalization of $3.61 billion, a P/E ratio of 105.52 and a beta of 2.03. The company has a 50 day moving average of $10.69 and a 200-day moving average of $9.03.
Himax Technologies (NASDAQ:HIMX – Get Free Report) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $199.01 million for the quarter, compared to analysts’ expectations of $195.01 million. Himax Technologies had a return on equity of 3.57% and a net margin of 3.91%.Himax Technologies’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. As a group, equities analysts anticipate that Himax Technologies, Inc. will post 0.4 EPS for the current year.
Himax Technologies Cuts Dividend
The company also recently disclosed an annual dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.252 per share. This represents a yield of 122.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Himax Technologies’s payout ratio is presently 180.00%.
Institutional Trading of Himax Technologies
Large investors have recently bought and sold shares of the company. Triumph Capital Management purchased a new position in shares of Himax Technologies during the third quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new position in shares of Himax Technologies during the third quarter valued at approximately $28,000. Ameriflex Group Inc. lifted its holdings in shares of Himax Technologies by 100.0% during the third quarter. Ameriflex Group Inc. now owns 3,600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 1,800 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Himax Technologies during the fourth quarter valued at approximately $41,000. Finally, EFG International AG purchased a new position in shares of Himax Technologies during the fourth quarter valued at approximately $41,000. 69.81% of the stock is 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.