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Stock impact report

Himax Technologies: Navigating The Down Cycle [Seeking Alpha]

Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares. (HIMX) 
Last himax technologies, inc. - american depositary shares, each of which represents two ordinary shares. earnings: 2/13 05:30 am Check Earnings Report
US:NASDAQ Investor Relations: himax.com.tw/investors
Company Research Source: Seeking Alpha
Play 8min Summary I reiterate the 'Buy' rating on Himax Technologies with a fair value of $10 per share, driven by strong automotive display solutions. Himax's automotive business, including DDIC, TDDI, TCON, LTDI, and OLED, showed significant growth, accounting for over 47% of total sales. Despite a projected 12%-17% revenue decline in Q3 FY24 due to high-interest rates, long-term growth in the automotive IC market remains promising. Key risks include heavy reliance on the Chinese market, where intensified promotional activities have not yet translated into increased sales. ake1150sb I reiterated the ‘Buy' rating on Himax Technologies ( NASDAQ: HIMX ) in my previous article published in June 2024, highlighting the strong growth in automotive market. While the company anticipates a weak automotive market in FY24, I think their comprehensive automotive display solutions will support Himax's long-term growth. I reiterate the 'Buy' rating with a fair value of $10 per sha Show less Read more
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