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 (Nasdaq: HIMX) announced a revised financial guidance for Q2 2022, with revenues expected to drop by 22% to 27%, compared to a prior estimate of 16% to 20%. Non-IFRS earnings per diluted ADS are now projected to be between 40 and 45 cents, down from 45 to 50 cents. IFRS earnings are estimated at 36.5 to 41.5 cents, reduced from 41.5 to 46.5 cents. The unchanged gross margin is estimated at 43% to 45%. The adjustments reflect a weaker macroeconomic environment and reduced demand from panel customers due to inflation and interest rate hikes.
Himax Technologies, Inc. (Nasdaq: HIMX) has announced its Annual General Meeting (AGM) to be held on August 16, 2022, at 9:30 a.m. in Tainan, Taiwan. Key agenda items include the adoption of the 2021 Audited Accounts, election of Mr. Liang-Gee Chen as an Independent Director, and extending the Long-Term Incentive Plan until September 6, 2025. The company has filed necessary documents with the SEC and made its 2021 Annual Report available on its website. Shareholders can access all AGM materials for review.
Himax Technologies (Nasdaq: HIMX) will participate in the UBS Taiwan Virtual Conference on June 20-21, 2022. The company will host one-on-one or group meetings with investors during this invitation-only event. Interested participants must register in advance. Himax is a leader in display driver ICs and semiconductor solutions for consumer electronics, employing around 2,100 people globally. The company holds over 3,000 patents and is headquartered in Tainan, Taiwan, with additional offices in several countries.
Himax Technologies, Inc. (Nasdaq: HIMX) announced its participation in the 6th Annual Needham Virtual Automotive Tech Conference on June 7, 2022. The company will host virtual one-on-one meetings with investors during the event, which is by invitation only. Interested parties can register and schedule meetings through a Needham representative. Himax is a leader in display driver ICs and semiconductor products, serving various consumer electronics sectors. As of March 31, 2022, the company holds 3,009 patents granted globally.
Himax Technologies, a fabless semiconductor provider, announced its participation in the Nomura Investment Forum Asia 2022 from June 6-10, 2022. The company will conduct virtual meetings with investors, available by invitation only. Himax, a leader in display driver ICs and imaging processing technologies, aims to connect with potential investors during this exclusive event. Founded in 2001 and headquartered in Tainan, Taiwan, Himax employs approximately 2,100 personnel and holds 3,009 patents as of March 2022.
Himax Technologies, a key player in the semiconductor industry specializing in display driver technology, will participate in the Citi Regional Tech Virtual Conference from May 18 to May 20, 2022. The company invites interested investors for virtual one-on-one or group meetings during the event. Founded in 2001 and headquartered in Tainan, Taiwan, Himax leads in display driver ICs and timing controllers for a variety of applications, including consumer electronics. As of March 31, 2022, it holds over 3,000 patents worldwide.
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.
FAQ
What is the current stock price of Himax Technologies (HIMX)?
What is the market cap of Himax Technologies (HIMX)?
What does Himax Technologies specialize in?
Where is Himax Technologies headquartered?
What are the key products offered by Himax Technologies?
Which markets contribute to the majority of Himax's revenue?
What are Himax's recent achievements?
How is Himax performing financially?
What collaborations is Himax involved in?
What is Himax's position in the automotive display market?
What technologies is Himax focusing on for future growth?
How does Himax ensure it remains competitive in the market?
