Himax Technologies (NASDAQ:HIMX) Trading 7.1% Higher – Time to Buy?

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) rose 7.1% during mid-day trading on Friday . The company traded as high as $8.81 and last traded at $8.8150. Approximately 893,263 shares were traded during trading, a decline of 53% from the average daily volume of 1,906,994 shares. The stock had previously closed at $8.23.

Analyst Upgrades and Downgrades

HIMX has been the subject of several analyst reports. Zacks Research upgraded Himax Technologies to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Himax Technologies in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Himax Technologies has a consensus rating of “Moderate Buy” and an average price target of $11.90.

Himax Technologies Stock Performance

The company has a current ratio of 1.60, a quick ratio of 1.42 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.60 billion, a PE ratio of 25.32 and a beta of 1.82. The business’s 50 day moving average is $8.42 and its two-hundred day moving average is $8.56.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.01 EPS for the quarter. Himax Technologies had a return on equity of 6.98% and a net margin of 7.18%.The business had revenue of $199.16 million for the quarter, compared to the consensus estimate of $186.22 million. During the same period in the previous year, the business earned $0.07 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. Himax Technologies has set its Q4 2025 guidance at 0.020-0.040 EPS.

Hedge Funds Weigh In On Himax Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Himax Technologies by 12.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552,303 shares of the semiconductor company’s stock valued at $4,059,000 after purchasing an additional 59,217 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Himax Technologies by 63.6% during the 1st quarter. Russell Investments Group Ltd. now owns 308,570 shares of the semiconductor company’s stock valued at $2,327,000 after buying an additional 119,921 shares in the last quarter. Herald Investment Management Ltd bought a new stake in Himax Technologies in the 1st quarter worth approximately $1,690,000. Virtu Financial LLC bought a new stake in Himax Technologies in the 1st quarter worth approximately $454,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Himax Technologies during the 1st quarter worth approximately $3,358,000. Institutional investors own 69.81% of the company’s stock.

Himax Technologies Company Profile

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.