Welcome to our dedicated page for Himax Technologies news (Ticker: HIMX), a resource for investors and traders seeking the latest updates and insights on Himax Technologies stock.
Himax Technologies, Inc. (Nasdaq: HIMX) is a leading semiconductor solution provider specializing in display imaging processing technologies. Founded on June 12, 2001, the company has its headquarters in Tainan, Taiwan, with additional R&D and sales offices in Taipei and Hsinchu. Himax operates primarily through two segments: Driver Integrated Circuit and Non-Driver Products.
The company's core business focuses on the design, development, and management of integrated circuits for flat-panel displays. Their product range includes display driver ICs and timing controllers which are essential components in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and other consumer electronics. Himax also offers controllers for touch sensor displays, in-cell Touch and Display Driver Integration (TDDI) single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors.
Himax has established a significant presence in the global market, with the majority of its revenue generated from China. The company is known for its innovative automotive display solutions, evidenced by its recent achievements in the automotive local dimming Tcon sector. This segment has shown substantial growth, demonstrating Himax's capability to adapt and thrive in evolving markets.
Financially, Himax has reported stable performance despite industry challenges. For the fourth quarter and full year of 2023, the company exceeded its revenue guidance in the non-driver business segment. Notably, their automotive Tcon products have gained considerable traction, paving the way for future growth. As of March 2024, Himax reported $277.4 million in cash, cash equivalents, and other financial assets, an increase from $223.8 million the previous year.
Himax is also actively involved in various partnerships and collaborations. For instance, their collaboration with Arm and Seeed Studio showcases the versatility of their Ultralow Power WiseEye™ AI technology across diverse battery-operated endpoint devices. Such initiatives underline the company's commitment to driving innovation and industry leadership.
In the automotive sector, Himax maintains a strong market position with over 450 secured design-win projects. Their comprehensive LCD product lineup and expanding OLED solutions align with the industry's shift towards high-end, sophisticated display technologies. Himax's OLED on-cell touch controller, noted for its high touch signal-to-noise ratio and sensitivity, sets new standards for automotive interior displays.
Overall, Himax Technologies continues to demonstrate resilience and adaptability, leveraging its robust technological foundation and strategic partnerships to sustain growth and expand its market footprint.
Himax Technologies reported Q1 2022 revenues of $412.8M, down 8.6% QoQ but up 33.6% YoY, aligning with prior guidance. Gross margin was 47.0%, while non-IFRS profit per diluted ADS reached 69.7 cents, significantly up 81.5% YoY. For Q2 2022, revenues are expected to drop 16% to 20% QoQ, with non-IFRS gross margin projected at 43% to 45%. The automotive segment remains strong, accounting for over 25% of total sales, with a goal to double sales despite macroeconomic challenges. An annual cash dividend of $1.25 per ADS was announced, payable on July 12, 2022.
Himax Technologies has declared a cash dividend of $1.25 per ADS for the fiscal year 2021, payable on July 12, 2022. This equates to 62.5 cents per ordinary share. Shareholders of record by June 30, 2022 will be eligible for this payout. The payout represents a 50% ratio of the last year's net profit, marking a lower distribution compared to historical averages, reflecting the company's aim to maintain working capital amidst macroeconomic uncertainties and support anticipated growth.
Himax Technologies (NASDAQ: HIMX) announces Emza Visual Sense's WiseEye™ technology integration in Dell's latest laptops, enhancing user privacy, experience, and battery life. This ultra-low-power AI visual sensing tech features advanced human detection algorithms, including 'Look Away Detect' to conserve energy and 'On-looker Detection' for security. Images are processed on-device for privacy, not stored or transmitted. WiseEye aims to boost smart sensing across various segments as demand for tiny AI devices grows, positioning Himax favorably in the semiconductor market.
Himax Technologies, Inc. (NASDAQ: HIMX) has announced a conference call for investors on May 12, 2022, at 8:00 a.m. EDT to discuss its first quarter 2022 financial results. The call will also be available via webcast. Himax is a leader in display driver ICs and semiconductor solutions for consumer electronics. The company has over 3,000 patents and operates globally. Investors are encouraged to participate to gain insights into the company's financial performance and future outlook.
Himax Technologies announced the launch of its Intelli-Sensing Module, featuring AI vision sensing capabilities such as human detection and face recognition. This ultralow power module aims to facilitate context-aware applications, debuting at the tinyML Summit 2022 on March 29-30. The module integrates the WE-I Plus AI processor and HM01B0 AoS camera, enhancing user privacy and reducing latency. It primarily targets human-machine interfaces, smart home, and smart retail sectors.
The solution simplifies development efforts for market entrants.
Himax Technologies (NASDAQ: HIMX) will participate in the 25th Credit Suisse Asian Investment Virtual Conference from March 21 to 24, 2022. Jordan Wu, President and CEO, will discuss hardware developments and their impact on the metaverse on March 23 at 15:00 HKT. Attendance is by invitation only, requiring registration. Himax is a leader in display drivers and semiconductor products, catering to various electronic devices. The company holds over 3,000 patents and is recognized globally for its innovative solutions.
Himax Technologies (NASDAQ: HIMX) announced its participation in the Bank of America Securities 2022 APAC TMT Virtual Conference, scheduled from March 14 to 26, 2022. The company's management will hold virtual meetings with investors during this invitation-only event. Interested parties can schedule meetings through Bank of America Securities representatives. Himax is a leading semiconductor provider specializing in display driver ICs and solutions for various electronic devices, with a global presence and over 3,000 patents.
Himax Technologies (NASDAQ: HIMX) will participate in the Susquehanna 11th Annual Technology Virtual Conference from March 3-4, 2022. Management will hold virtual meetings with investors during this invite-only event. Interested parties should register to attend. Himax is a leader in display driver ICs and provides a range of semiconductor products for various applications including TVs, mobile devices, and augmented reality. The company was founded in 2001 and holds over 3,000 patents worldwide.
Himax Technologies reported outstanding Q4 2021 results, with revenues hitting $451.9M, up 63.9% YoY. Non-IFRS profit per diluted ADS reached a record 84.9 cents. Full-year revenues exceeded $1.5 billion, a growth of 74.4% from 2020. However, the company projects a 5% to 9% QoQ revenue decline for Q1 2022. Guidance for non-IFRS gross margin is set between 46% and 48%. The automotive sector is anticipated to become the primary sales contributor with a target to double sales in 2022. Himax remains positive about its growth prospects in automotive and AI image sensing despite macroeconomic uncertainties.
Himax Technologies, Inc. (Nasdaq: HIMX) will hold a conference call on February 17, 2022, at 8:00 a.m. EST to discuss its fourth quarter and full year 2021 financial results. Investors can participate via dial-in or webcast. A replay will be available post-call. Himax, a leader in display driver ICs and semiconductor products, focuses on imaging technologies for various consumer electronics. Established in 2001 and based in Tainan, Taiwan, it holds over 3,000 patents, emphasizing innovation in display solutions.
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