Himax Technologies, Inc.

Himax Technologies, Inc. (NASDAQ: HIMX) is a semiconductor company offering display driver integrated circuits (IC) and timing controllers for televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices. As of September 07, 2021, HIMX has 174.30 million American Depository Shares (ADS) listed and outstanding, with each ADS representing two ordinary shares.

Key Highlights

• The company reported a YoY surge of 95.34% in revenue to USD 365.26 million in Q2FY21 (ended June 30, 2021) compared to USD 186.98 million in Q2FY20.
• Net income for Q2FY21 increased to USD 108.89 million from USD 1.38 million reported in Q2FY20.
• On July 15, 2021, HIMX sponsored the tinyML vision challenge to promote tinyML Vision Technology among developers. During the challenge (hosted by tinyML Foundation), prizes worth USD 6,000 will be offered to encourage participants and promote machine learning problem solvers from various fields.
• On May 28, 2021, the company declared a dividend of USD 0.272 per ADS, paid on July 12, 2021, to shareholders of record on June 30, 2021.
• HIMX's net margin for Q2FY21 was 29.7%, significantly higher than the industry median of 13.9%.
• Its Debt/Equity ratio as of Q2FY21 was 0.26x.
• High ROE of 18.8% in Q2FY21 vs. industry median of 4.7%.
• Stock is currently trading below its crucial short-term as well as long-term 50-day and 200-day SMA support levels, a bearish indicator.
• Stock is currently leaning towards the higher end of the 52-week range of USD 3.28 to USD 17.88.
• HIMX's share price fell 2.50% in the past six months.

Technical Price Chart (as of September 07, 2021). Analysis by Kalkine

Conclusion: Considering the slight movement in the stock price in the past six months, significant topline growth, the surge in net income, and associated risks, we recommend a "Watch" rating on the stock at the closing price of USD 11.70, down 6.47% as of September 07, 2021.

*The reference data in this report has been partly sourced from REFINITIV.

Disclaimer

References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.

This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.

The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. No advice or information, whether oral or written, obtained by you from Kalkine or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation.

Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall NOT be held liable for any investment or trading losses you may incur by using the opinions expressed in our publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.

Kalkine Media Limited, an affiliate of Kalkine Limited, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.