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Himax Technologies ( (HIMX) ) has issued an update.
On February 13, 2025, Himax Technologies announced its fourth quarter and full-year 2024 financial results, revealing that its Q4 2024 revenues significantly outperformed guidance, reaching $237.2 million, a 6.7% increase quarter-over-quarter, driven by strong order momentum across product lines. Despite an anticipated decline in Q1 2025 revenues due to seasonal factors, the company maintains a positive outlook, with a focus on its automotive and AR/VR markets. Himax’s automotive business showed substantial growth, with TDDI sales surpassing DDIC for the first time, solidifying its market leadership. Its non-driver segment also saw growth, fueled by demand for ASIC Tcon products. The company showcased innovative technologies at CES 2025, including its AR glasses technologies, positioning itself as a leader in the evolving AI PC and premium notebook markets.
More about Himax Technologies
Himax Technologies, Inc. is a leading supplier and fabless manufacturer of display drivers and other semiconductor products. The company focuses on the development of display driver ICs for small and medium-sized applications, automotive display technologies, and innovative solutions such as WiseEye AI and advanced optical technologies for AR/VR applications.
YTD Price Performance: 22.19%
Average Trading Volume: 3,391,152
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.6B
See more data about HIMX stock on TipRanks’ Stock Analysis page.
