Looking at the Outlook provided they expect lower revenue than Q2. Reading just that would be taken as a bad thing but look further, look at the margin growth that's where the money is and that is strong. They are adjusting well to the changes in their business they are facing. Google glass was also talked about, another good thing. I did not see anything about Apple watch or wrist device, but I do think that product is under the radar much like the Google Glass thing was.
All in all HIMX is doing just fine and any dip is a buying opportunity if one believes they will perform well going forward. I think they will and IMHO 2014 will be the breakout year for HIMX and if we hear they are a player in the Apple product this company could take off, adding to the Google Glass new business. Sure a lot of if's but also a lot of potential. When China starts to come back more that will have an even better impact to HIMX revenue.
So what we will see today, pressure on the down side but today's market action will be short lived IMHO. The smart money will buy on the dips for the future gains from the success of the companies business going forward. All JMHO.
One thing we need to further keep in mind is the CEO has always been conservative on the outlook, always, and they seem to beat the street more often than not. Again HIMX has gone through a lot of changes to their product mix and the company has adjusted well staying in front of these changes with new products and kept the costs in line and continued to be profitable. It is a well run company with a top notch management team. I look for really good things to come from this company, they are in the right business at the right time.
They have raised guidance on Q3 for revs,We are in the sweet spot here, Don't let the loosers on board tell you to sell off cheap......we will explode..upward..Solid Q3 guidance........I am listening to CC as we speak..