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.
Well said. Several new wins have already entered production. and HIMX has alluded to more and is delivering. These are high end wins... in the larger growth segments the company has been saying are coming.
LCoS is what everyone think about with HIMX due to Glass. That is not where the significant part of the expected growth is...
LOL, so all quiet on the HIMX front until then... The trading has become more conservative with regard to the games being played... IMO due to the expected timeframe for items hitting market decreasing. Much easier to get caught on the wrong side of a trade as the window narrows. Patience is not fun... NIce to see the consolidation here.
I did, But to call that money pulled from dividends is not really accurate. They payed per policy... They have had that cash for quite a while... It's all semantics regarding how you read wu's statement.
My take is Wu just wanted to get out there "expansion is coming" great vehicle to do that.
The most I expected this round was equal to last years full eps... Similar to the summer 2012 dividend which was 100% of 2011's earnings, .06.
That's how I see it with one exception:
"plans to put dividend money towards the new building"
That's not dividend money. The dividend this year was per company policy. No money is being diverted to pay for expansion. They have the cash in the bank to pay for that if they choose. It is being internally financed.
Actually not weighing on my mind at all. The only ones that make any money with those are the lawyers . 42% of the shares I own were dripped.. Nothing happening that would make me change...
Teasing 10's.... low 9's with occasional dips into the mid to high 8's. The whole A/r V/r industry is holding information tight. Simply nothing of substance is obvious (unless significant news release) to move this from the range until Q2 earnings and Q3 guidance.
Expecting each quarter to base a bit higher until the end products come to market... WLO will be the larger near term contributor. The expectation that Apple will have an array camera in future phones is, IMO, big. Doesn't have to be HIMX... Others will need to follow and we are a supplier to their largest competitors...
Adding when it looks right and powder free... I think we are somewhat range bound until at least mid Aug.