Himax Technologies (NASDAQ:HIMX) Trading Down 13.3% – Time to Sell?

Himax Technologies, Inc. (NASDAQ:HIMX)’s stock price dropped 13.3% on Thursday . The company traded as low as $7.93 and last traded at $7.87. Approximately 1,294,932 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 1,985,326 shares. The stock had previously closed at $9.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Himax Technologies in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.90.

Himax Technologies Stock Up 2.9%

The stock has a market cap of $1.42 billion, a PE ratio of 19.38 and a beta of 2.32. The business has a 50 day moving average price of $8.78 and a 200 day moving average price of $8.56. The company has a quick ratio of 1.37, a current ratio of 1.54 and a debt-to-equity ratio of 0.03.

Himax Technologies (NASDAQ:HIMX) last released 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 8.34% and a net margin of 8.34%.The business had revenue of $199.16 million for the quarter, compared to analyst estimates of $186.22 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. Himax Technologies has set its Q4 2025 guidance at 0.020-0.040 EPS.

Institutional Trading of Himax Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of Himax Technologies by 2.4% during the 1st quarter. Acadian Asset Management LLC now owns 6,745,661 shares of the semiconductor company’s stock valued at $49,533,000 after acquiring an additional 156,255 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Himax Technologies by 7.7% in the 2nd quarter. Lazard Asset Management LLC now owns 5,256,923 shares of the semiconductor company’s stock valued at $46,943,000 after buying an additional 374,198 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Himax Technologies by 22.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,234,506 shares of the semiconductor company’s stock worth $37,391,000 after buying an additional 774,683 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Himax Technologies by 11.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,296,538 shares of the semiconductor company’s stock valued at $11,578,000 after buying an additional 128,383 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Himax Technologies by 19.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 662,190 shares of the semiconductor company’s stock valued at $5,913,000 after buying an additional 109,887 shares during the period. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

About Himax Technologies

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.