Himax Technologies (NASDAQ:HIMX) Shares Gap Up – Here’s Why

Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $19.11, but opened at $20.65. Himax Technologies shares last traded at $20.2050, with a volume of 1,833,404 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HIMX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Himax Technologies in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Himax Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 price objective on shares of Himax Technologies in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.00.

Himax Technologies Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.42 and a current ratio of 1.62. The company has a market cap of $3.61 billion, a PE ratio of 105.52 and a beta of 2.03. The company’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $9.03.

Himax Technologies (NASDAQ:HIMX) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. Himax Technologies had a net margin of 3.91% and a return on equity of 3.57%. The company had revenue of $199.01 million during the quarter, compared to analysts’ expectations of $195.01 million. During the same quarter last year, the company posted $0.11 EPS. The firm’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. On average, sell-side analysts predict that Himax Technologies, Inc. will post 0.4 earnings per share for the current fiscal year.

Himax Technologies Cuts Dividend

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

Hedge Funds Weigh In On Himax Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIMX. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Himax Technologies by 24.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,971 shares of the semiconductor company’s stock valued at $7,046,000 after purchasing an additional 162,809 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Himax Technologies by 3.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,400,014 shares of the semiconductor company’s stock valued at $36,036,000 after purchasing an additional 165,508 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Himax Technologies by 1,598.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,752,432 shares of the semiconductor company’s stock valued at $15,474,000 after purchasing an additional 1,649,243 shares in the last quarter. Clark Capital Management Group Inc. acquired a new stake in shares of Himax Technologies in the 3rd quarter valued at $1,056,000. Finally, Herald Investment Management Ltd raised its holdings in shares of Himax Technologies by 73.9% in the 3rd quarter. Herald Investment Management Ltd now owns 400,000 shares of the semiconductor company’s stock valued at $3,528,000 after purchasing an additional 170,000 shares in the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

About Himax Technologies

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.