Himax Technologies (NASDAQ:HIMX) Stock Price Down 10.8% – Should You Sell?

Himax Technologies, Inc. (NASDAQ:HIMX) was down 10.8% during trading on Tuesday . The stock traded as low as $18.31 and last traded at $18.4290. Approximately 5,257,198 shares were traded during trading, an increase of 74% from the average daily volume of 3,027,028 shares. The stock had previously closed at $20.65.

Wall Street Analysts Forecast Growth

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

Himax Technologies Stock Performance

The company has a market cap of $3.32 billion, a PE ratio of 97.30 and a beta of 2.03. 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 moving average of $9.92 and a 200-day moving average of $8.80.

Himax Technologies (NASDAQ:HIMX) last posted its quarterly earnings data 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. Himax Technologies had a return on equity of 3.57% and a net margin of 3.91%.The business had revenue of $199.01 million for the quarter, compared to analysts’ expectations of $195.01 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was down 7.5% on a year-over-year basis. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS.

Hedge Funds Weigh In On Himax Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its position in Himax Technologies by 9.4% during the fourth quarter. Lazard Asset Management LLC now owns 5,718,698 shares of the semiconductor company’s stock worth $46,836,000 after purchasing an additional 489,903 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Himax Technologies by 3.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,400,014 shares of the semiconductor company’s stock worth $36,036,000 after purchasing an additional 165,508 shares during the period. Handelsbanken Fonder AB boosted its position in Himax Technologies by 95.7% during the fourth quarter. Handelsbanken Fonder AB now owns 3,429,263 shares of the semiconductor company’s stock worth $28,086,000 after purchasing an additional 1,676,831 shares during the period. State Street Corp boosted its position in Himax Technologies by 9.6% during the fourth quarter. State Street Corp now owns 1,600,126 shares of the semiconductor company’s stock worth $13,105,000 after purchasing an additional 139,703 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Himax Technologies by 24.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,971 shares of the semiconductor company’s stock worth $7,046,000 after purchasing an additional 162,809 shares during the period. 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.