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Himax Technologies, Inc. Message Board

  • markofbklyn markofbklyn Aug 8, 2013 8:55 PM Flag

    HIMX will hit $12.00 after earnings, $21.00 by end of year.

    Earnings is due out next week & the company as we know will beat on revenue and earnings and guide higher. The company probably bought back about 1mm shares of stock during the quarter and will announce an new buyback. ~47% of the stock is held by insiders (according to the presentation on their website) and about another 38% is own by institutional, leaving 15% to trade. With Google buying part of Himax Display (with undisclosed cash) that cash will be used to increase production of LCOS, increase Research & Development. HIMX is a leader in the micro display driver area and they are doing business with all tier one companies. They have almost 2000 patents on products and over 1000 still pending. This will grow the company. From April 1 to June 30 revenue will be strong and the q3 (July 1 to Sept 30) will be stronger when companies are buying drivers for Christmas. The end of the year this stock will be above 20. I don't think HIMX will be taken over since majority of the stock is held by insiders. It would have to be a very expensive offer and I don't think anyone would offer that price. The fact is this company is firing on all cylinders and the outlook is very rosy. Hang on for a nice wild ride. At 6.00 HIMX is almost 1billion mkt cap. Even at 21 it would be just above 3billion and that is still cheap for a company that has such a great outlook. Do your own research

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HIMX
6.90-0.29(-4.03%)Aug 4 4:00 PMEDT