Overview
- Himax, which reported results Thursday, jumped about 28% to four-year highs as investors reacted to a clear beat and a brighter near-term view.
- Q1 revenue reached $199 million with earnings of 4.6 cents per ADS, and gross margin held at 30.4% at the top of guidance as operating margin improved to 5.1% on lower tape-out costs.
- For Q2, the company forecast 10% to 13% sequential revenue growth, gross margin near 32%, and profit of 8.6 to 10.3 cents per ADS, pointing to strength in automotive timing controllers and WiseEye AI with several auto programs set for H2 mass production.
- Himax announced a 25.2-cent per ADS cash dividend payable in July and reported $287.6 million in cash and marketable securities, underscoring balance-sheet flexibility.
- Despite the rally, sell-side coverage remains cautious with a consensus Hold rating and an average price target around $8, leaving the durability of the move in focus.