Himax Technologies (NASDAQ:HIMX) Share Price Crosses Above 200 Day Moving Average – Here’s Why

by · The Markets Daily

Himax Technologies, Inc. (NASDAQ:HIMX – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.60 and traded as high as $9.05. Himax Technologies shares last traded at $8.68, with a volume of 1,612,152 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HIMX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Himax Technologies in a research report on Wednesday, October 8th. Zacks Research upgraded Himax Technologies to a “hold” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.80.

Get Our Latest Stock Analysis on HIMX

Himax Technologies Price Performance

The stock has a market capitalization of $1.52 billion, a PE ratio of 24.11 and a beta of 1.82. The firm’s fifty day moving average price is $8.48 and its two-hundred day moving average price is $8.60. The company has a quick ratio of 1.42, a current ratio of 1.60 and a debt-to-equity ratio of 0.03.

Himax Technologies (NASDAQ:HIMX – Get Free Report) last issued its earnings results on Thursday, November 6th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $199.16 million for the quarter, compared to analysts’ expectations of $186.22 million. Himax Technologies had a net margin of 7.18% and a return on equity of 6.98%. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. Himax Technologies has set its Q4 2025 guidance at 0.020-0.040 EPS.

Institutional Investors Weigh In On Himax Technologies

A number of large investors have recently made changes to their positions in the company. Steadtrust LLC lifted its stake in shares of Himax Technologies by 17.1% in the 3rd quarter. Steadtrust LLC now owns 41,100 shares of the semiconductor company’s stock worth $363,000 after purchasing an additional 6,000 shares during the period. Advisory Services Network LLC bought a new position in Himax Technologies in the third quarter worth approximately $28,000. Caxton Associates LLP bought a new position in Himax Technologies in the third quarter worth approximately $518,000. Triumph Capital Management purchased a new position in shares of Himax Technologies during the 3rd quarter worth $28,000. Finally, Verition Fund Management LLC bought a new stake in shares of Himax Technologies during the 3rd quarter valued at $464,000. 69.81% of the stock is currently owned by institutional investors.

About Himax Technologies

(Get Free Report)

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.

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