Himax Technologi Stock Price, News & Analysis

Himax Technologies (Nasdaq: HIMX) announces its participation in the Susquehanna 12th Annual Technology Conference on March 3, 2023. The company will host virtual meetings with investors, requiring prior registration. Himax is a leader in display driver ICs, supplying products for various consumer electronics such as TVs, laptops, and smartphones. The company, founded in 2001 and headquartered in Tainan, Taiwan, employs around 2,200 people and holds over 2,932 patents. For inquiries about the conference, contact Susquehanna's coordinator.

The global Liquid Crystal on Silicon (LCoS) Displays market, valued at US$1.9 billion in 2022, is projected to reach US$3 billion by 2030, growing at a CAGR of 5.8%. The U.S. market size is estimated at US$563.1 million while China is expected to grow at a 5.4% CAGR to reach US$528 million. Head-Mounted Displays (HMD) will be notable with a 6.1% CAGR, reaching US$1.6 billion. The PR highlights challenges facing the economy, notably inflation and potential recessions, but underscores growth opportunities for resilient businesses.

Himax Technologies, a leading semiconductor manufacturer, will participate in the Baird 2023 Vehicle Technology & Mobility Virtual Conference on February 15, 2023. Eric Li, the Chief IR/PR Officer, will present from 12:00 PM – 12:30 PM ET.

Investors interested in one-on-one or group meetings can register for the event, which is by invitation only. Himax is recognized for its display driver technology and imaging processing solutions used across various consumer electronics.

As of December 31, 2022, Himax holds 2,932 patents granted and 398 patents pending.

Himax Technologies reported Q4 2022 revenues of $262.3M, exceeding guidance by 22.8% and reflecting 40.5% gross margin. Quarterly profit reached $42.2M, or 24.1 cents per diluted ADS. Despite a full-year revenue decline of 22.3% due to macroeconomic challenges, automotive sales surged over 50%. The company anticipates a Q1 2023 revenue decrease of 12.0% to 17.0% QoQ. However, it expects recovery in Q2 as customer inventory adjustments stabilize. For Q1, gross margin is projected at 28.0% to 30.0% and profit between 3.5 to 7.0 cents per diluted ADS.

Himax Technologies, Inc. (Nasdaq: HIMX) will host a conference call on February 9, 2023, at 8:00 a.m. EST to discuss its fourth quarter and full year 2022 financial results. Investors can register for the call via phone or participate through a webcast. Himax specializes in semiconductor solutions for display imaging and is a leader in display driver ICs used across a variety of consumer electronics. The company, headquartered in Tainan, Taiwan, employs around 2,100 people and has a significant patent portfolio with 2,932 patents granted as of December 31, 2022.

Himax Technologies (NASDAQ: HIMX) reported strong fourth quarter 2022 results, with revenues of $262.3 million, exceeding prior guidance. This marks a 22.8% sequential increase, although 42% lower year-over-year. Gross margins were 30.5%, slightly below the expected range. Earnings per diluted ADS were 24.1 cents (IFRS), surpassing guidance of 17.8 to 20.8 cents. For the full year, total revenues reached $1.2 billion, down 22.3% from 2021. Despite the strong Q4 performance, margins were impacted by excess inventory sales at discounted prices.

Himax Technologies (NASDAQ: HIMX) will participate in the 25th Annual Needham Growth Conference from January 10-12, 2023. The event, held at the Lotte New York Palace Hotel, is by invitation only, with one-on-one and group meetings available for investors. Himax is a leader in display driver ICs and other semiconductor products, catering to various consumer electronics. As of September 30, 2022, the company holds nearly 3,000 patents globally. Interested investors can contact Needham representatives for registration and meeting arrangements.

Himax Technologies (Nasdaq: HIMX) and Seeed Studio are set to showcase the SenseCAP A1101 LoRaWAN Vision AI Sensor at CES 2023 from January 5-8 in Las Vegas. This sensor integrates Himax's WiseEye™ smart image sensing technology, offering battery-powered operation for over nine months with low power consumption. The device supports a wide temperature range and is designed for various IoT applications including smart agriculture. The collaboration aims to enhance AI-enabled sensing capabilities, addressing growing demand in the market.