Himax Technologies (NASDAQ:HIMX) Sees Large Volume Increase – What’s Next?

by · The Cerbat Gem

Himax Technologies, Inc. (NASDAQ:HIMXGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 4,786,495 shares were traded during mid-day trading, an increase of 39% from the previous session’s volume of 3,438,413 shares.The stock last traded at $16.4310 and had previously closed at $18.27.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Himax Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Three equities research 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 target price of $8.00.

Check Out Our Latest Stock Report on Himax Technologies

Himax Technologies Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.62 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $15.03 and a 200-day simple moving average of $10.60. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 85.29 and a beta of 2.25.

Himax Technologies (NASDAQ:HIMXGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. Himax Technologies had a return on equity of 3.57% and a net margin of 3.91%.The firm had revenue of $199.01 million for the quarter, compared to analyst estimates of $195.01 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The company’s revenue 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. As a group, equities research analysts expect that Himax Technologies, Inc. will post 0.4 EPS for the current fiscal year.

Himax Technologies Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a $0.252 dividend. This represents a dividend yield of 122.0%. The ex-dividend date is Tuesday, June 30th. Himax Technologies’s dividend payout ratio (DPR) is currently 180.00%.

Hedge Funds Weigh In On Himax Technologies

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in Himax Technologies by 51.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,589 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 2,564 shares during the last quarter. Royal Bank of Canada boosted its stake in Himax Technologies by 31.8% in the 1st quarter. Royal Bank of Canada now owns 193,024 shares of the semiconductor company’s stock worth $1,519,000 after purchasing an additional 46,582 shares during the period. Lazard Asset Management LLC boosted its stake in Himax Technologies by 11.1% in the 1st quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company’s stock worth $50,019,000 after purchasing an additional 637,020 shares during the period. Waverly Advisors LLC boosted its stake in Himax Technologies by 11.5% in the 1st quarter. Waverly Advisors LLC now owns 18,065 shares of the semiconductor company’s stock worth $142,000 after purchasing an additional 1,862 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Himax Technologies by 233.3% during the 1st quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company’s stock valued at $5,096,000 after acquiring an additional 453,200 shares during the last quarter. 69.81% of the stock is currently owned by institutional investors.

Himax Technologies Company Profile

(Get Free Report)

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.

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