Himax Technologies (NASDAQ:HIMX) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Himax Technologies, Inc. (NASDAQ:HIMX) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.15 and traded as high as $14.41. Himax Technologies shares last traded at $14.06, with a volume of 724,263 shares trading hands.

Analysts Set New Price Targets

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

Himax Technologies Stock Performance

The stock has a fifty day simple moving average of $14.16 and a two-hundred day simple moving average of $13.15. 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 stock has a market cap of $2.45 billion, a price-to-earnings ratio of 68.25 and a beta of 2.30.

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

Hedge Funds Weigh In On Himax Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new stake in shares of Himax Technologies during the third quarter worth $28,000. Advisory Services Network LLC bought a new position in shares of Himax Technologies in the 3rd quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Himax Technologies during the 4th quarter valued at $41,000. EFG International AG acquired a new stake in shares of Himax Technologies during the 4th quarter valued at $41,000. Finally, Rockefeller Capital Management L.P. grew its position in Himax Technologies by 976.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,340 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 4,844 shares during the last quarter. Institutional investors own 69.81% of the company’s stock.

About Himax Technologies

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.