Stock on Focus: Himax Technologies, Inc. (HIMX)

Company Profile:

Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies to consumer electronics worldwide. The company operates through Driver IC and Non-Driver Products segments. It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices. The company also designs and provides controllers for touch sensor displays, liquid crystal on silicon micro-displays and micro-electro mechanical systems used in palm-size projectors and head-mounted displays, light-emitting diode driver ICs, power management ICs, scaler products for monitors and projectors, tailor-made video processing IC solutions, and silicon IPs. Himax Technologies, Inc. was founded in 2001 and headquartered in Tainan, Taiwan.

Recent News:

For the third quarter ended September 30, 2015, Himax Technologies reported earnings of 1 cent per share. Revenue declined to $165.6 million, down from $222.3 million in the 2014 third quarter, but beat analysts expectation of earnings of 1 cent per share on revenue of $156.79 million.

For the second quarter ended June 30, 2015, the company reported revenues of USD 169.51 million, net earnings of USD 8.85 million, and earnings per share (EPS) of USD 0.05.


Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.


Profitability – Measures the historical price movement of the stock.


Solvency – Measures the solvency of the company based on several ratios.


Efficiency – Measures the strength and historic growth of a company’s return on invested capital.



HIMX’s strengths can be seen in its better growth, better profitability, better solvency and strong efficiency. Its revenue has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator and RSI is increasing to 48.18, which is in bull territory. The current P/BV ratio indicates it is undervalued compared to the average P/BV ratio of the industry and the sector. We rate Himax Technologies, Inc. (HIMX) a BUY.

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