Himax Technologies (NASDAQ:HIMX) Hits New 12-Month High – Time to Buy?
by Scott Moore · The Cerbat GemHimax Technologies, Inc. (NASDAQ:HIMX – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $12.16 and last traded at $11.4730, with a volume of 1799291 shares. The stock had previously closed at $11.64.
Wall Street Analyst Weigh In
HIMX has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Himax Technologies in a report on Thursday, January 22nd. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price target on shares of Himax Technologies in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Himax Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Himax Technologies currently has a consensus rating of “Hold” and an average target price of $8.00.
Get Our Latest Report on Himax Technologies
Himax Technologies Trading Down 5.4%
The firm has a fifty day simple moving average of $8.70 and a 200-day simple moving average of $8.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.39. The firm has a market cap of $1.91 billion, a P/E ratio of 42.70 and a beta of 1.74.
Himax Technologies (NASDAQ:HIMX – Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The semiconductor company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Himax Technologies had a net margin of 5.28% and a return on equity of 4.92%. The firm had revenue of $203.08 million for the quarter, compared to the consensus estimate of $199.16 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s revenue was down 14.4% on a year-over-year basis. Himax Technologies has set its Q1 2026 guidance at 0.020-0.040 EPS. On average, equities research analysts expect that Himax Technologies, Inc. will post 0.21 earnings per share for the current year.
Institutional Trading of Himax Technologies
Institutional investors and hedge funds have recently made changes to their positions in the company. SmartHarvest Portfolios LLC bought a new stake in Himax Technologies during the first quarter worth $105,000. Rockefeller Capital Management L.P. lifted its holdings in Himax Technologies by 976.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,340 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 4,844 shares in the last quarter. XTX Topco Ltd purchased a new position in Himax Technologies during the fourth quarter valued at approximately $240,000. Voloridge Investment Management LLC purchased a new position in shares of Himax Technologies during the 4th quarter valued at $409,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Himax Technologies in the 4th quarter worth about $1,268,000. Hedge funds and other institutional investors 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.