Himax Technologi Stock Price, News & Analysis

Himax Technologies, Inc. (Nasdaq: HIMX) pre-announced strong preliminary financial results for Q3 2020, exceeding earlier guidance. Revenues reached $239.9 million, up 28.3% sequentially and 46.1% year-over-year. Gross margin improved to 22.3%, surpassing guidance, and EPS estimates exceeded expectations at approximately 4.9 cents (up 510% sequentially). Non-IFRS EPS was about 7.3 cents, a remarkable 625.9% increase sequentially. The company anticipates continued momentum in Q4 2020, with detailed financial updates planned for November.

Himax Technologies (NASDAQ: HIMX) announced its participation in the Jefferies Virtual Semiconductor Summit on September 1-2, 2020. The company will hold one-on-one meetings with investors during the event, which is by invitation only. Himax is a leading supplier of display drivers and semiconductor products, specializing in technologies for consumer electronics. Founded in 2001 and headquartered in Tainan, Taiwan, Himax has over 2,926 patents and employs around 2,000 people across its offices worldwide.

Himax Technologies reported Q2 2020 revenues of $187.0 million, surpassing guidance by 1.3%. Despite a sequential decline in gross margin to 21.0%, profits exceeded expectations, with IFRS profit reaching $1.4 million. The company anticipates a 20% revenue increase in Q3 2020, driven by strong sales in tablet and smartphone markets. Challenges include a significant decline in traditional smartphone DDICs. The automotive segment maintains a positive long-term outlook. Himax plans to enhance gross margins and tackle foundry capacity shortages impacting growth.

Himax Technologies will hold an earnings conference call on August 6, 2020, at 7:45 a.m. EDT to discuss its Q2 2020 financial results. This adjustment to the schedule is to accommodate high call volumes. Participants can access the call via dial-in numbers (U.S.: +1 866 444 9147; International: +1 678 509 7569) or via a webcast. The call replay will be available from two hours post-call until August 14, 2020. Himax specializes in display driver ICs and related semiconductor products.

Himax Technologies, Inc. (NASDAQ: HIMX) will hold its annual general meeting in Tainan, Taiwan on August 26, 2020, at 9:30 a.m. Shareholders will vote on the adoption of the 2019 audited accounts and the re-election of Independent Director Hsiung-Ku Chen. The company’s proxy statement has been filed with the SEC, and the 2019 Annual Report is available on their website for download. Himax is a leader in display driver ICs and semiconductor solutions, employing around 2,000 staff and holding nearly 3,000 patents worldwide.

Himax Technologies, Inc. (Nasdaq: HIMX) has announced the appointments of Jessica Pan as Chief Financial Officer and Eric Li as Chief IR/PR Officer, effective immediately. Jessica, with over 22 years of experience, previously served as the interim CFO and has been with Himax since 2006. Eric, who joined in 2012, brings extensive experience in IC design and marketing. The appointments follow the resignation of Jackie Chang, who will assist in the transition until July 31, 2020. The board expresses gratitude for Chang's service while welcoming the new leadership.

Himax Technologies (NASDAQ: HIMX) announced preliminary financial results for Q2 2020, revealing revenues of $187 million, a 1.3% increase sequentially, against previous guidance forecasting a slight decline. The gross margin was approximately 21.0%, surpassing the projected range of 20.2% to 20.6%. Earnings per diluted ADS were expected to be around 0.8 cents, exceeding the guidance of a loss of 0.5 to 1.5 cents. Himax plans to disclose the full financial report and Q3 guidance in August.

Himax Technologies (HIMX) has launched the WiseEye WE-I Plus HX6537-A solution, supporting Google’s TensorFlow Lite for Microcontrollers. This new processor, designed for deep learning applications, offers ultra-low power consumption—under 5mW during Google Person Detection inference—with a 400MHz DSP and hardware accelerators for real-time motion detection. The platform promises a fivefold increase in machine learning inference speed and is aimed at various markets including home appliances and surveillance. Himax reinforces its position in the AIoT sector by collaborating with Google.

Himax Technologies reported Q1 2020 revenue of $184.6M, a 5.5% sequential increase, meeting guidance. Gross margin was 22.7%, exceeding expectations, while IFRS profit was $3.3M, or 1.9 cents per diluted ADS, also surpassing guidance. Q2 2020 guidance anticipates slightly lower revenue due to COVID-19, with gross margin expected between 20.2% and 20.6%. The company remains optimistic about growth in its TDDI business for tablets, now 5% of total revenues. Challenges include a decline in WLO shipments and uncertain demand in TV and automotive sectors.