Himax Technologies (NASDAQ:HIMX) Stock Dropped to Hold by Wall Street Zen

Wall Street Zen downgraded shares of Himax Technologies (NASDAQ:HIMX) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Himax Technologies in a research note on Friday, September 25th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Himax Technologies currently has an average rating of “Hold” and a consensus target price of $8.00.

Himax Technologies Price Performance

HIMX stock opened at $11.32 on Friday. Himax Technologies has a 52 week low of $6.85 and a 52 week high of $25.09. The firm has a market capitalization of $1.97 billion, a P/E ratio of 54.95 and a beta of 2.34. The company has a fifty day simple moving average of $13.58 and a two-hundred day simple moving average of $14.65. The company has a quick ratio of 1.36, a current ratio of 1.55 and a debt-to-equity ratio of 0.02.

Himax Technologies (NASDAQ:HIMX) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $227.37 million for the quarter, compared to the consensus estimate of $222.99 million. Himax Technologies had a net margin of 4.26% and a return on equity of 3.90%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Himax Technologies has set its Q3 2026 guidance at 0.080-0.100 EPS. Analysts anticipate that Himax Technologies will post 0.40 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Signaturefd LLC grew its holdings in shares of Himax Technologies by 9.6% in the third quarter. Signaturefd LLC now owns 14,411 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 1,261 shares during the last quarter. Mondrian Investment Partners LTD purchased a new position in Himax Technologies in the 3rd quarter worth about $99,000. Robeco Institutional Asset Management B.V. increased its stake in Himax Technologies by 24.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,447,022 shares of the semiconductor company’s stock worth $62,570,000 after buying an additional 882,739 shares during the period. SteelPeak Wealth LLC bought a new stake in Himax Technologies during the 3rd quarter valued at about $536,000. Finally, TD Waterhouse Canada Inc. grew its stake in Himax Technologies by 6.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 28,711 shares of the semiconductor company’s stock worth $414,000 after acquiring an additional 1,751 shares in the last quarter. Institutional investors own 69.81% of the company’s stock.

About Himax Technologies

Himax Technologies, Inc is a fabless semiconductor company headquartered in Tainan, Taiwan. Founded in 2001, the company designs and supplies display-related integrated circuits and other semiconductor components for manufacturers of consumer electronics, automotive systems and industrial devices. Himax has been listed on the Nasdaq since 2006 under the symbol HIMX.

The company’s product portfolio includes display driver ICs, timing controllers, touch and display driver integration products, and other components used in televisions, monitors, notebook computers, smartphones, tablets and automotive displays.