Himax Technologies (NASDAQ:HIMX) Reaches New 1-Year High – Here’s What Happened

Himax Technologies, Inc. (NASDAQ:HIMX)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $21.93 and last traded at $21.86, with a volume of 644503 shares changing hands. The stock had previously closed at $21.04.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HIMX. Morgan Stanley restated an “equal weight” rating and issued a $8.00 price target on shares of Himax Technologies in a report on Wednesday, February 4th. Wall Street Zen upgraded Himax Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Himax Technologies presently has an average rating of “Hold” and an average price target of $8.00.

Himax Technologies Stock Up 3.1%

The firm has a market cap of $3.78 billion, a P/E ratio of 110.67 and a beta of 2.03. The company has a quick ratio of 1.42, a current ratio of 1.62 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $12.27 and a 200-day moving average of $9.54.

Himax Technologies (NASDAQ:HIMX) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. Himax Technologies had a return on equity of 3.57% and a net margin of 3.91%.The business had revenue of $199.01 million for the quarter, compared to analyst estimates of $195.01 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Himax Technologies’s revenue was down 7.5% on a year-over-year basis. Himax Technologies has set its Q2 2026 guidance at 0.086-0.103 EPS. On average, equities research analysts anticipate that Himax Technologies, Inc. will post 0.4 earnings per share for the current year.

Himax Technologies Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.252 per share. This represents a yield of 122.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Himax Technologies’s payout ratio is 180.00%.

Hedge Funds Weigh In On Himax Technologies

A number of institutional investors have recently bought and sold shares of HIMX. Royal Bank of Canada increased its position in Himax Technologies by 3.7% during the first quarter. Royal Bank of Canada now owns 106,503 shares of the semiconductor company’s stock worth $782,000 after buying an additional 3,811 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Himax Technologies by 127.6% during the first quarter. Goldman Sachs Group Inc. now owns 240,411 shares of the semiconductor company’s stock worth $1,767,000 after buying an additional 134,799 shares during the last quarter. Geode Capital Management LLC increased its position in Himax Technologies by 6.0% during the second quarter. Geode Capital Management LLC now owns 130,607 shares of the semiconductor company’s stock worth $1,166,000 after buying an additional 7,434 shares during the last quarter. Cetera Investment Advisers acquired a new position in Himax Technologies during the second quarter worth approximately $90,000. Finally, Franklin Resources Inc. acquired a new position in Himax Technologies during the second quarter worth approximately $134,000. Institutional investors and hedge funds own 69.81% of the company’s stock.

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.