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

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price gapped down before the market opened on Friday . The stock had previously closed at $20.68, but opened at $19.00. Himax Technologies shares last traded at $18.7410, with a volume of 1,147,377 shares changing hands.

Analysts Set New Price Targets

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

Himax Technologies Stock Performance

The firm has a market cap of $3.35 billion, a P/E ratio of 98.01 and a beta of 2.03. The company has a current ratio of 1.62, a quick ratio of 1.42 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $10.69 and its 200-day simple moving average is $9.03.

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

Himax Technologies Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued 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 180.00%.

Institutional Investors Weigh In On Himax Technologies

A number of large investors have recently modified their holdings of the stock. ProShare Advisors LLC boosted its stake in shares of Himax Technologies by 5.5% during the 3rd quarter. ProShare Advisors LLC now owns 24,700 shares of the semiconductor company’s stock valued at $218,000 after purchasing an additional 1,280 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Himax Technologies by 5.6% during the 3rd quarter. Natixis Advisors LLC now owns 27,132 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 1,432 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Himax Technologies by 11.0% during the 4th quarter. Cetera Investment Advisers now owns 17,188 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 1,700 shares in the last quarter. Ameriflex Group Inc. boosted its stake in shares of Himax Technologies by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 3,600 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Waverly Advisors LLC lifted its position in Himax Technologies by 11.5% during the 1st quarter. Waverly Advisors LLC now owns 18,065 shares of the semiconductor company’s stock valued at $142,000 after acquiring an additional 1,862 shares during the period. Institutional investors own 69.81% of the company’s stock.

Himax Technologies Company Profile

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.