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Himax Technologies Inc (HIMX)



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Upturn Advisory Summary
06/27/2025: HIMX (3-star) is a STRONG-BUY. BUY since 31 days. Profits (11.06%). Updated daily EoD!
Year Target Price $9.94
Year Target Price $9.94
2 | Strong Buy |
2 | Buy |
1 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.42% | Avg. Invested days 29 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.65B USD | Price to earnings Ratio 17.48 | 1Y Target Price 9.94 |
Price to earnings Ratio 17.48 | 1Y Target Price 9.94 | ||
Volume (30-day avg) - | Beta 2.21 | 52 Weeks Range 5.12 - 13.91 | Updated Date 06/29/2025 |
52 Weeks Range 5.12 - 13.91 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.54 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 9.54% | Operating Margin (TTM) 9.21% |
Management Effectiveness
Return on Assets (TTM) 2.97% | Return on Equity (TTM) 9.78% |
Valuation
Trailing PE 17.48 | Forward PE 9.84 | Enterprise Value 1907500628 | Price to Sales(TTM) 1.81 |
Enterprise Value 1907500628 | Price to Sales(TTM) 1.81 | ||
Enterprise Value to Revenue 2.09 | Enterprise Value to EBITDA 16.58 | Shares Outstanding 174912992 | Shares Floating 248117589 |
Shares Outstanding 174912992 | Shares Floating 248117589 | ||
Percent Insiders 30.96 | Percent Institutions 19.66 |
Analyst Ratings
Rating 4.2 | Target Price 9.94 | Buy 2 | Strong Buy 2 |
Buy 2 | Strong Buy 2 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Himax Technologies Inc
Company Overview
History and Background
Himax Technologies Inc. was founded in 2001 in Tainan, Taiwan. It is a fabless semiconductor company specializing in display imaging processing technologies. Initially focused on display drivers for TVs and monitors, it has expanded into AR/VR, automotive, and other sectors.
Core Business Areas
- Display Driver ICs: Himax designs and markets display driver ICs for televisions, laptops, monitors, mobile phones, tablets, automotive, and other consumer electronics devices.
- Timing Controllers: Himax also provides timing controllers (TCONs) for LCD panels.
- Wafer Level Optics (WLO): Himax develops and manufactures WLO for applications such as 3D sensing, augmented reality (AR), and virtual reality (VR).
- Projectors: Himax makes LCoS (Liquid Crystal on Silicon) microdisplays and projector solutions.
- AI Image Processing: Himax also has AI image processing technologies for smart surveillance and automotive.
Leadership and Structure
The company is led by CEO Jordan Wu. It operates with a functional organizational structure, with departments focused on research and development, sales and marketing, manufacturing operations, and finance.
Top Products and Market Share
Key Offerings
- Large Panel Display Drivers: Display driver ICs for TVs, monitors, and notebooks. Market share varies by segment, but Himax is a significant player in this space. Competitors include Novatek and Samsung.
- Small and Medium-Sized Display Drivers: Display driver ICs for smartphones and tablets. Face fierce competition, especially from Chinese manufacturers. Competitors include Novatek, Sitronix, and Raydium.
- Wafer Level Optics (WLO): WLO solutions for 3D sensing and AR/VR. Growing market, but competition is increasing. Competitors include ams Osram, STMicroelectronics and Largan Precision.
- Automotive Display Drivers: Display drivers for automotive applications (cockpit displays, HUDs). Growing area with stricter quality needs. Competitors include Renesas, Synaptics.
Market Dynamics
Industry Overview
The display driver IC industry is cyclical and driven by demand for consumer electronics and automotive displays. The WLO market is growing rapidly due to demand for 3D sensing in smartphones, AR/VR devices, and automotive applications.
Positioning
Himax is positioned as a technology innovator, particularly in WLO and automotive display driver ICs. It faces strong competition from larger semiconductor companies but focuses on niche markets and customized solutions.
Total Addressable Market (TAM)
The display driver IC market is estimated to be billions of dollars annually. The WLO market is also projected to reach billions in the coming years. Himax is positioned to capitalize on growth in automotive and AR/VR applications.
Upturn SWOT Analysis
Strengths
- Strong expertise in display driver IC design
- Leading position in WLO technology
- Expanding presence in automotive and AR/VR markets
- Solid customer relationships
- Experienced Management team
Weaknesses
- Dependence on cyclical consumer electronics market
- Relatively small size compared to major competitors
- Vulnerable to pricing pressure from larger manufacturers
- High R&D expenses
- Geographic concentration in Asia
Opportunities
- Growth in automotive display market
- Increased adoption of AR/VR technology
- Expansion into new applications for WLO
- Partnerships with major tech companies
- Potential acquisitions to expand product portfolio
Threats
- Intense competition from larger semiconductor companies
- Economic downturn affecting consumer spending
- Technological obsolescence
- Supply chain disruptions
- Geopolitical risks
Competitors and Market Share
Key Competitors
- NOV
- SNPS
- RMDI
Competitive Landscape
Himax competes with larger semiconductor companies like Novatek and Synaptics. Himax's strengths are its WLO technology and its focus on niche markets like automotive display drivers.
Growth Trajectory and Initiatives
Historical Growth: Himax has experienced cyclical growth, driven by the demand for display driver ICs and the adoption of new technologies like WLO.
Future Projections: Analysts project continued growth in automotive and AR/VR applications, which could drive future revenue growth for Himax.
Recent Initiatives: Recent initiatives include focusing on automotive display drivers, expanding WLO capacity, and developing AI-based image processing solutions.
Summary
Himax Technologies Inc. is a fabless semiconductor company that has shown significant growth and decline within its sector over the years. While it has a strong position in display drivers and WLO technology, and expanding into automotive, its reliance on cyclical consumer electronics and smaller size relative to the competition pose challenges. The company is also subject to intense competition and supply chain disruptions. Still, Himax's focus on innovation and expansion into new markets may drive future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry News
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market data may be delayed. Consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Himax Technologies Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2006-03-31 | Co-Founder, President, CEO & Director Mr. Jordan Wu | ||
Sector Technology | Industry Semiconductors | Full time employees 2200 | Website https://www.himax.com.tw |
Full time employees 2200 | Website https://www.himax.com.tw |
Himax Technologies, Inc., a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, Korea, Japan, the United States, and internationally. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products. The company also provides automotive IC solutions, including traditional driver ICs; advanced in-cell touch and display driver integration; local dimming timing controllers; and large touch and display driver integration. In addition, it offers Power IC, touch controllers IC, OLED ICs, LED drivers, EPD ICs, power management ICs, and complementary metal oxide semiconductor image sensors for display application coverage; and ultralow power WiseEye smart image sensing products, as well as wafer level optics, LCoS microdisplays, and 3D sensing solutions. The company markets its display drivers to panel manufacturers, mobile device module manufacturers, and manufacturers of end-use products. Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.
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