Himax Technologies (HIMX) Company Overview

Himax: Major Market Position Change Ahead

I maintain my "Buy" rating on Himax Technologies stock due to its imminent turnaround and undervalued forward valuation, despite the recent stock price rally. Recent strategic moves, including a $20 million share buyback and partnerships with Nvidia and TSMC, have significantly boosted investor confidence and stock price. Despite a 7.2% QoQ revenue decrease in Q3 FY2024, Himax exceeded internal guidance and anticipates future growth in the automotive IC and OLED sectors.

We have put together a list of the 10 companies that are resisting market negativity. In this article, we will examine how Himax Technologies, Inc. (NASDAQ:HIMX) compares to these other companies. On Friday, ten firms showed positive performance, going against the general market gloom, thanks to various factors that encouraged buying.

A.I. continues to dominate, even in small caps. Himax Technologies (HIMX) bolstered a big rally and tapped a new 52-week high.

TF International Securities analyst Ming-Chi Kuo previously predicted Himax Technologies, Inc HIMX as a potential supplier for Taiwan Semiconductor Manufacturing Co TSM.

TAINAN, Taiwan, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, February 13, 2025, at 8:00 a.m. US Eastern Standard Time and 9:00 p.m. Taiwan Time to discuss the Company's fourth quarter and full year 2024 financial results.

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Himax Technologies, a leading Taiwanese semiconductor company, is currently struggling in the midst of an industry downturn, reporting decreasing revenues but also showing cost discipline. The company boasts a low valuation, a healthy balance sheet, and numerous growth opportunities, making it attractive for long-term investors. Recent business developments are promising and support an optimistic long-term perspective for Himax.