Himax Technologies (NASDAQ:HIMX) Upgraded by Zacks Research to Hold Rating

Himax Technologies (NASDAQ:HIMX) was upgraded by analysts at Zacks Research to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued 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 two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.90.

Himax Technologies Price Performance

Shares of NASDAQ HIMX opened at $7.38 on Wednesday. The stock’s 50-day moving average is $8.73 and its two-hundred day moving average is $8.59. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 17.57 and a beta of 2.32. Himax Technologies has a 1-year low of $5.12 and a 1-year high of $13.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.54 and a quick ratio of 1.37.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $199.16 million during the quarter, compared to the consensus estimate of $186.22 million. Himax Technologies had a return on equity of 8.34% and a net margin of 8.34%.Himax Technologies’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS. Himax Technologies has set its Q4 2025 guidance at 0.020-0.040 EPS.

Institutional Investors Weigh In On Himax Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of Himax Technologies by 16.2% in the first quarter. Bank of New York Mellon Corp now owns 16,839 shares of the semiconductor company’s stock worth $124,000 after acquiring an additional 2,348 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Himax Technologies by 13.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 247,685 shares of the semiconductor company’s stock worth $1,820,000 after purchasing an additional 30,014 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in Himax Technologies during the 1st quarter worth $8,586,000. Wealthquest Corp acquired a new stake in Himax Technologies in the first quarter valued at approximately $27,000. Finally, US Bancorp DE increased its position in shares of Himax Technologies by 11.6% during the first quarter. US Bancorp DE now owns 27,507 shares of the semiconductor company’s stock worth $202,000 after acquiring an additional 2,852 shares during the last quarter. Hedge funds and other institutional investors own 69.81% of the company’s stock.

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.