Himax Technologies (NASDAQ:HIMX) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Himax Technologies, Inc. (NASDAQ:HIMX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.82 and traded as high as $15.75. Himax Technologies shares last traded at $15.41, with a volume of 892,175 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Himax Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Himax Technologies presently has an average rating of “Hold” and an average price target of $8.00.

Himax Technologies Stock Performance

The firm has a market capitalization of $2.43 billion, a PE ratio of 67.67 and a beta of 2.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.36 and a current ratio of 1.55. The company’s fifty day moving average price is $14.66 and its two-hundred day moving average price is $12.86.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, August 6th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. The firm had revenue of $227.37 million during the quarter, compared to the consensus estimate of $222.99 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Himax Technologies’s revenue was up 5.9% compared to the same quarter last year. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. As a group, equities analysts expect that Himax Technologies, Inc. will post 0.4 earnings per share for the current year.

Institutional Trading of Himax Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in shares of Himax Technologies by 11.1% in the 1st quarter. Lazard Asset Management LLC now owns 6,355,718 shares of the semiconductor company’s stock worth $50,019,000 after purchasing an additional 637,020 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Himax Technologies by 24.6% during the 4th 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. Renaissance Technologies LLC grew its holdings in shares of Himax Technologies by 233.3% during the 1st 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. Himension Capital Singapore PTE. LTD. acquired a new stake in Himax Technologies during the 1st quarter worth approximately $485,000. Finally, Handelsbanken Fonder AB increased its position in Himax Technologies by 95.7% during the 4th 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 in the last quarter. 69.81% of the stock is currently owned by institutional investors and hedge funds.

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.