Himax Technologies (NASDAQ:HIMX) Shares Up 9.5% – Here’s What Happened

Himax Technologies, Inc. (NASDAQ:HIMX) shares shot up 9.5% on Monday . The stock traded as high as $14.37 and last traded at $14.3990. Approximately 755,550 shares were traded during trading, a decline of 77% from the average daily volume of 3,357,263 shares. The stock had previously closed at $13.15.

Himax Technologies Stock 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 firm’s 50 day moving average is $17.43 and its 200-day moving average is $11.62. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 74.08 and a beta of 2.26.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $199.01 million during the quarter, compared to analyst estimates of $195.01 million. Himax Technologies had a return on equity of 3.57% and a net margin of 3.91%.The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. Sell-side analysts anticipate that Himax Technologies, Inc. will post 0.4 earnings per share for the current fiscal year.

Himax Technologies Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a $0.252 dividend. This represents a dividend yield of 164.0%. The ex-dividend date is Tuesday, June 30th. Himax Technologies’s payout ratio is presently 120.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Himax Technologies by 51.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,589 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 2,564 shares during the last quarter. Royal Bank of Canada grew its position in shares of Himax Technologies by 31.8% in the first quarter. Royal Bank of Canada now owns 193,024 shares of the semiconductor company’s stock valued at $1,519,000 after purchasing an additional 46,582 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Himax Technologies by 11.1% in the first quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company’s stock valued at $50,019,000 after purchasing an additional 637,020 shares during the last quarter. Waverly Advisors LLC increased its stake in shares of Himax Technologies by 11.5% in the first 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 increased its stake in shares of Himax Technologies by 233.3% in the first quarter. Renaissance Technologies LLC now owns 647,461 shares of the semiconductor company’s stock worth $5,096,000 after purchasing an additional 453,200 shares during the period. 69.81% of the stock is currently owned by institutional investors and hedge funds.

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.