Himax Technologies (NASDAQ:HIMX) Reaches New 12-Month High – What’s Next?

Himax Technologies, Inc. (NASDAQ:HIMX) hit a new 52-week high on Tuesday . The company traded as high as $21.93 and last traded at $21.86, with a volume of 644503 shares traded. The stock had previously closed at $21.04.

Wall Street Analysts Forecast Growth

HIMX has been the subject of a number of research analyst reports. Wall Street Zen upgraded Himax Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. 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. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $8.00.

Himax Technologies Trading Down 3.6%

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 firm has a market capitalization of $3.60 billion, a P/E ratio of 105.36 and a beta of 2.03. The firm has a 50 day moving average of $12.72 and a 200-day moving average of $9.72.

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

Himax Technologies Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be paid a $0.252 dividend. This represents a dividend yield of 122.0%. The ex-dividend date is Tuesday, June 30th. Himax Technologies’s payout ratio is 120.00%.

Institutional Investors Weigh In On Himax Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIMX. Royal Bank of Canada lifted its stake in Himax Technologies by 3.7% during the first quarter. Royal Bank of Canada now owns 106,503 shares of the semiconductor company’s stock worth $782,000 after purchasing an additional 3,811 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Himax Technologies by 127.6% during the first quarter. Goldman Sachs Group Inc. now owns 240,411 shares of the semiconductor company’s stock worth $1,767,000 after purchasing an additional 134,799 shares during the last quarter. Geode Capital Management LLC lifted its stake in Himax Technologies by 6.0% during the second quarter. Geode Capital Management LLC now owns 130,607 shares of the semiconductor company’s stock worth $1,166,000 after purchasing an additional 7,434 shares during the last quarter. Cetera Investment Advisers bought a new stake in Himax Technologies during the second quarter worth $90,000. Finally, Franklin Resources Inc. bought a new stake in Himax Technologies during the second quarter worth $134,000. 69.81% of the stock is currently owned by institutional investors.

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.