There will be plenty of buyers for any sellers. HIMX beat by $0.02/share with earnings growth rate or ~26%.
Analysts were expecting $0.07 for the quarter and $0.40 for 2013. At a minimum, they raise guidance for the year to $0.42 which will be 40% over the $0.30 they did in 2012. Toss a 20 P/E on that (PEG still less than one at 0.8) and you get a share price of $8.40. Make it a 25 P/E (for a 1.0 PEG) and you get $10.50.
But, what if they raise the 2013 earnings estimate to $0.45 or $0.48? Then, the growth rate goes over 50% and a 25 to 30 P/E is reasonable with the PEG still well under 1.0 and we have a share price around $12.
And, the 2014 earnings are projected at $0.57 (one guy at $0.70). What if these get raised also. In two years, HIMX should be $12 to $17.5.............while paying a dividend. The shelf offering will dilute this by around 7.3%.
I am a long term investor so I don't sweat the day to day actions.........much.
Shorty.. you aren't taking into consideration that this is the slowest and least number of days season for companies like HIMX. Year to year quarter, this was very solid.. Compared to last quarter, the large panel numbers are down.. That's NORMAL.. people buy big screen TV's around Christmas, not early in the year.