Himax (HIMX, Financial) has partnered with Vuzix Corporation to introduce a cutting-edge augmented reality (AR) optical module at Display Week 2025, set to take place from May 11-16 in San Jose, California. This event is highly regarded in the display technology sector. The partnership showcases Himax's newest high-brightness, compact Dual-Edge Front-lit Liquid Crystal on Silicon (LCoS) microdisplay, which is seamlessly integrated with Vuzix's advanced waveguides.
This collaboration has resulted in a fully integrated module that excels in brightness and power efficiency while maintaining a compact design. This innovation aims to facilitate the development of sleek, lightweight AR glasses suitable for both enterprise and consumer use. The strategic development is set for commercial availability by the end of 2025, with an emphasis on enhancing optical performance for superior visual quality.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Himax Technologies Inc (HIMX, Financial) is $9.94 with a high estimate of $12.30 and a low estimate of $7.00. The average target implies an upside of 18.19% from the current price of $8.41. More detailed estimate data can be found on the Himax Technologies Inc (HIMX) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Himax Technologies Inc's (HIMX, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Himax Technologies Inc (HIMX, Financial) in one year is $5.74, suggesting a downside of 31.75% from the current price of $8.41. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Himax Technologies Inc (HIMX) Summary page.
HIMX Key Business Developments
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Himax Technologies Inc (HIMX, Financial) reported first-quarter revenue of $215.1 million, reaching the high end of their guidance range.
- Gross margin improved to 30.5%, up from 29.3% in the same period last year, driven by a favorable product mix and cost optimization.
- The company achieved a strong positive operating cash flow of $56.0 million for the first quarter.
- Himax Technologies Inc (HIMX) announced an annual cash dividend of $0.37 per ADS, reflecting a payout ratio of 81.1% of the previous year's profits.
- The automotive business remains a significant revenue contributor, representing more than 15% of total sales, with ongoing customer reliance on their technology.
Negative Points
- First-quarter revenue decreased by 9.3% sequentially, reflecting a typical seasonal slowdown.
- Sales of large panel driver ICs remained flat despite the seasonal downturn, indicating potential market saturation.
- Revenue from small and medium-sized display drivers declined by 9.8% sequentially, affected by the typical low season.
- The company faces macroeconomic challenges, including ongoing trade tensions and tariff-related uncertainties, impacting market demand.
- Visibility for the second half of the year remains low, with concerns over the effectiveness of new government stimulus programs in China.
