Himax Technologies Reports Quarterly Earnings, Meets Expectations

Himax Technologies (NASDAQ:HIMX) announced its quarterly earnings results on March 15, 2024, reporting earnings per share (EPS) of $0.04. This figure aligns with analysts’ consensus expectations. The semiconductor company recorded a net margin of 7.18% and a return on equity of 6.98%. Revenue for the quarter reached $203.08 million, exceeding the anticipated $199.16 million.

In the same quarter last year, Himax reported an EPS of $0.14, indicating a decline in profitability. The company’s quarterly revenue decreased by 14.4% compared to the previous year. In light of current market conditions, Himax Technologies has updated its guidance for Q1 2026, projecting an EPS range of 0.020-0.040.

Stock Performance and Analyst Ratings

On the day of the earnings announcement, shares of Himax Technologies traded down by $0.62, closing at $7.64. The trading volume reached 2,113,059 shares, significantly higher than the average volume of 1,066,187. The company maintains a market capitalization of $1.34 billion, with a price-to-earnings (P/E) ratio of 21.15 and a beta of 1.86. Himax’s financial ratios indicate a quick ratio of 1.42, a current ratio of 1.60, and a low debt-to-equity ratio of 0.03. Over the past twelve months, the stock has fluctuated between a low of $5.66 and a high of $11.80, with a fifty-day simple moving average of $8.36.

Several analysts have recently shared their perspectives on Himax Technologies. Weiss Ratings reaffirmed a “hold (c)” rating, while Zacks Research upgraded the stock to a “hold” rating. Additionally, Morgan Stanley maintained an “equal weight” rating, setting a target price of $8.00 for the shares. Currently, three analysts have classified the stock as a “hold,” with MarketBeat data indicating a consensus target price of $8.00.

Institutional Interest and Investment Activity

Recent trading activity has seen a number of hedge funds adjusting their positions in Himax Technologies. Lazard Asset Management LLC increased its holdings by 7.7% in the second quarter, owning 5,256,923 shares valued at approximately $46.94 million after acquiring an additional 374,198 shares. Jump Financial LLC entered a new position in Himax during the same period, valued at around $3.19 million.

Sei Investments Co. significantly grew its stake by 287.6%, now holding 277,632 shares worth $2.48 million. First Trust Advisors LP also acquired a new stake valued at $2.15 million during the third quarter. Furthermore, Goldman Sachs Group Inc. raised its position by 127.6%, owning 240,411 shares worth $1.77 million. Currently, hedge funds and institutional investors own 69.81% of Himax Technologies.

About Himax Technologies: The company specializes in display imaging technologies and offers a diverse portfolio of display driver integrated circuits (DDICs), timing controllers, and high-speed interface chips. Their products support both LCD and OLED displays, catering to various electronic devices such as televisions, monitors, laptops, tablets, smartphones, and wearable technology. Additionally, Himax provides wafer-level optics and liquid crystal on silicon (LCOS) microdisplay solutions designed for augmented reality (AR) and virtual reality (VR) applications.