HIMX - Himax Positioned For Jump Into AI And IoT
2024-03-15 18:15:42 ET
Summary
- Himax Technologies is a leading semiconductor design and manufacturing firm specializing in optical and driver components for displays and sensors.
- Despite a decline in revenue and margins, Himax has maintained strong free cash flow and a healthy 2024 projected dividend yield of 4.2%.
- The company's shift towards higher-margin products and potential growth in non-display technologies could lead to a recovery and growth in earnings.
Investment Thesis
Himax Technologies ( HIMX ) is a semi-fabless semiconductor design and manufacturing firm specializing in optical and driver components for displays and sensors. HIMX holds a significant market share in the display technology sector, holding some 40% of the automotive display market share and 8% of the total display driver market share....
Himax Positioned For Jump Into AI And IoT