Himax sees Q3 non-IFRS EPS 3.5c-4.3c, consensus (2c) » 05:5808/0608/06/20
Sees Q3 revenue up 20%,…
Sees Q3 revenue up 20%, sequentially. Himax said in its Q2 earnings release, "While Covid-19 does not look to be going away anytime soon, most countries have greatly eased lockdowns while still taking measures to contain the spread of the virus. Although the pandemic has brought major disruptions to the markets Himax operates in, many of the Company's panel customers have been fast to react to the changing environment by quickly shifting their production to where the demands are. What that reflected in Himax's business is the very strong sales for notebook and monitor markets in the first half with the momentum now switching to TV and smartphone, while tablet is set to stay robust throughout the whole year. While businesses have been largely reopened, a big part of the society still stays mostly at home with much of the activity being operated online. The "stay-at-home" economy has proven to benefit several consumer electronics markets to which we supply our products. Himax's demand visibility has therefore been much improved from the first half. However, the industry is going through a severe foundry capacity shortage right now which is limiting the growth in almost all of the Company's businesses, especially the smartphone and tablet TDDI as well as CMOS image sensor products. Separately, Himax is working towards capitalizing on the Company's unique non-driver technologies where it has invested heavily in the last few years, notably 3D sensing for smartphone and smart door lock as well as ultralow power smart image sensing for products such as notebook, TV, doorbell and air conditioner. As indicated in the Company's guidance, it now expects a strong top line growth for Q3. Himax's next goal is to improve its gross margin. This will be an important target for Q4 and next year."
Himax reports Q2 non-IFRS EPS 1c, consensus (1c) » 05:5608/0608/06/20
Reports Q2 revenue $187M,…
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|Over a week ago|
Himax names Jessica Pan as CFO, Eric Li as Chief IR/PR Officer » 06:0507/1307/13/20
Himax Technologies announced the appointments of Jessica Pan as CFO and Eric Li as Chief IR/PR Officer and Spokesperson, effective immediately. Both Pan and Li will report directly to CEO Jordan Wu. Pan and Li succeed Ms. Jackie Chang who has resigned from the company to pursue other professional endeavors. Prior to joining Himax, Jessica worked as Assistant Finance Manager for Advanced Semiconductor Engineering from 2002 to 2006 and as Auditor at Arthur Andersen LLP in Taiwan from 1998 to 2001.
|Over a month ago|
Himax reports preliminary Q2 non-IFRS EPS 1c, consensus (2c) » 06:0107/0607/06/20
Reports preliminary Q2…
Reports preliminary Q2 revenue $187M, consensus $173.37M. Himax said in a release, "Himax Technologies pre-announced preliminary unaudited key financial results for the three months ended June 30. The second quarter revenues, gross margin and EPS all exceeded the guidance issued on May 7."
Himax challenges not due to change in competitive position, says Lake Street » 08:5805/0805/08/20
Lake Street analyst…
Lake Street analyst Jaeson Schmidt lowered the firm's price target on Himax to $5.50 from $6.50 after the company guided both revenue and EPS below estimates, stating that he believes Himax has seen a material deterioration in orders over the past couple of weeks. While disappointed in the weaker Q2 outlook, he doesn't believe the challenges Himax is facing are due to any significant change in its competitive position or long-term opportunities and is maintaining his Buy rating on the shares.
|Over a quarter ago|
Himax up 1.3% after reporting Q1 results 06:4205/0705/07/20
Himax 'confident' it will deliver top, bottom line growth in FY20 » 06:4105/0705/07/20
"Since late Q419,…
"Since late Q419, Himax has started to see a major turnaround in literally all aspects of its business with positive momentum and a strong outlook. This has been due to design-wins with new and existing customers across its major product lines. However, the strong momentum was somehow interrupted at around the Lunar New Year holidays when many areas of China started to impose strict lockdown measures in the face of the Covid-19 outbreak. Uncertainty in the marketplace has continued since. Despite supply chain disruptions caused by China lockdowns, Himax delivered decent results in the first quarter, although the results could have been better without the coronavirus. China has recently reopened with other countries seemingly moving in the same direction following a long period of lockdown. At this point, the second half business visibility is rather limited as the pandemic has created a profound impact on the global consumption and the economy overall. Shorter term, similar to the first quarter, the company's second quarter business is affected by the Covid-19, especially for TV and automotive related products. However, home working and online education have driven a surge in our NB, monitor and tablet related products. Himax is also seeing a very strong momentum in its smartphone TDDI business on the backdrop of a sluggish global smartphone market. TDDI for tablet, which has made a decent contribution to its first quarter result, is the major highlight of its business right now as the technology is being adopted and put into mass production. Himax is the dominant TDDI supplier to global Tier-1 Android tablet makers, making it the market leader in the emerging trend to replace the traditional design of having two ICs, namely display driver and touch panel controller, with the integrated TDDI IC for tablet displays. While still a new product, tablet TDDI already represents around 5% of the company's overall revenues in Q1 and Himax expects the business to continue to deliver strong growth in Q2 and throughout the rest of 2020. Despite the coronavirus, the company is still making great progress, and remains committed to, ongoing R&D projects for forward looking products, notably ultralow power smart image sensing, TDDI for automotive, 3D sensing and AMOLED. All of these new product areas are growth opportunities with great potential. Himax has taken proactive steps to strategically manage the business through the current crisis and are confident that it will deliver both top and bottom line growth in 2020."
Himax reports Q1 EPS 2c, consensus 1c » 06:3905/0705/07/20
Reports Q1 revenue…
Reports Q1 revenue $184.6M, consensus $186.63M. "Our reported first quarter results met guidance for revenue and exceeded guidance for gross margin and EPS, consistent with our preliminary results reported on April 3. During the quarter we worked closely with both our customers and suppliers, taking action to adapt to the new environment. As a result, despite supply chain disruptions from China lockdowns, we delivered decent results in the first quarter," said Mr. Jordan Wu, President and CEO of Himax."Looking forward, China has recently reopened, and other countries are seemingly moving in the same direction following a long period of lockdown. At this point, our visibility into the second half of the year is rather limited as the pandemic has created a profound impact on the global consumption and the economy overall. Despite the coronavirus, we are still making great progress on our business, and remain committed to, ongoing R&D projects. We have taken proactive steps to strategically manage the business through the current crisis and are confident that we will deliver both top and bottom-line growth in 2020," concluded Mr. Jordan Wu.
Himax reports Q1 non-IFRS EPS 2c, consensus 1c » 06:0004/0304/03/20
Reports Q1 revenue…
Reports Q1 revenue $184.6M, consensus $187.3M. "In light of the Covid-19 pandemic and uncertain market sentiments that are affecting the whole world, the management decided to issue preliminary financial results immediately following the end of the quarter. We are pleased to be able to deliver the strong first quarter results and will continue to work extremely closely with both our customers and suppliers in joint efforts to mitigate the risks arising from the pandemic. We will report further details on our next earnings call in May," said Jordan Wu, President and CEO of Himax Technologies. "Our thoughts and prayers are with the people affected by the coronavirus. We have taken preventive measures to ensure highest priority on the health and safety of our employees and partners and will continue to evaluate the situation as it evolves," concluded Mr. Wu.
Largest borrow rate increases among liquid names » 08:4504/0204/02/20
HEXO, CLVS, TLRY, DG, HIMX, ABB, CHNG, SSO
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Hexo Corp (HEXO) 65.18% +0.94, Clovis (CLVS) 87.45% +0.85, Tilray (TLRY) 55.99% +0.52, Dollar General (DG) 0.74% +0.49, Australian Dollar Trust (FXA) 2.78% +0.39, Himax (HIMX) 0.71% +0.34, ABB (ABB) 11.66% +0.24, Change Healthcare (CHNG) 0.46% +0.21, ProShares Ultra S&P 500 (SSO) 2.71% +0.17, and ProShares Short S&P 500 (SH) 1.95% +0.17.