That is a major plus for HIMX... Automotive industry...
Norm, Strange chart today... 3 big red spikes in the last hour... All right at $8/share with a .005 variation on the High/low for the data point. looked like arranged trades
Norm, problem with the daily shorts as reported by various sites report their estimate of total short activity. Cant positively determine which are new or which are covering.
See above Norm.. How do you warn when you upgrade from MARKET PERFORM to OUTPERFORM. Barrons has looked complicit in the past.
All that is on Fidelity:
On July 6, 2016 Northland Capital Markets upgraded HIMAX TECHNOLOGIES INC ( HIMX ) from MARKET PERFORM to OUTPERFORM.
Not on fidelity anymore either... Was the article pulled?
I think barrons spun what he said in their own words... made no sense.... Panel production has nothing to do with the components required for a panel...
Hmm must be your browser. I saw it that afternoon. But hmmm again... not there now...
Actually a good observation IMO. I read consolidation as well. Step further, I think the next move higher. Re-instill the retail confidence one more time before earnings. Any stop out there has been taken. Need to build them back up. The pre-release validated growth. Again it will be the guidance...
Completely agree regarding Samsung Hasch... Another example of Barrons spinning the "story". Size and battery consumption matter. HIMX has those answers. Even better, they have integrated functionality into their drivers.
The article stated panel production. Nothing about driver production...
for reference, 2014 is the year to compare to:
2014 Rev EPS GP %
Q1 194.6 0.094 24.7%
Q2 196.4 0.142 24.2%
Q3 222.3 0.111 24.5%
Q4 227.2 0.094 24.7%
840.5 0.441 24.5%
Q1 180.3 0.078 26.2%
Q2 201.1 0.115 26.1%
As can be seen, G&A and Admin expense is up (higher revs lower EPS for Q2 2016). Revenue in Q2 surpassed 2014's as does the GP%. What I am really looking for is the rev # to continue to surpass the 2014 marks and the GP% to continue to slightly increase.
The veiled announcement in the pre-release of earnings was engineering fees....
Q3 is always a difficult quarter due to stock option expense. (for the life of me I do not understand why this expense is not accrued for... It can be reasonable estimated and the expense smoothed over the entire year). Typical impact is 5-7 cents per share which always pulls Q3 below Q2.
If the Q3 eps guidance is at or above the Q2 actual then solid growth will have been demonstrated.
Bright side- The pre released earnings were a solid beat.
Flip side- Analysts will now revise their estimates for Q2 up to insure HIMX misses. Hope Wu kept a penny in reserve..
Matty as Wall st said, he is staying on in another role..While this should not be reason enough for the share price action. HIMX is technology. When your CTO is gone, it creates uncertainty regarding the path forward. It's enough to enable the games to continue.