Boston, MA 05/02/2014 (wallstreetpr) – The different segments that Himax Technologies Inc. (NASDAQ:HIMX) is involved in are supplying to the smart phones, tablets, automotive displays and wearable device industries. There is increased demand for 4K TV’s which should augur well for Himax.
Besides, the arrangement with Google and the Luxottica should help increase the sale of Google Glass and its LCoS micro-displays in the times to come.
Effects of Negative News
In recent times, Bank of America reduced the status of Himax from a buy to underperform, for reasons best known to them. As a consequence, the stock price has been losing ground consistently over the last month or so.
The truth is that Google Glass will not affect the performance of the company in the time to come. The prospects of Himax Technologies Inc. (NASDAQ:HIMX) are looking good for the future, and investors must stay put or maybe add some more stock at this beaten down price, thanks to Bank of America.
Bright Future Ahead
Adding to its strong existing demand of its IC segment and in its large display driver sectors, the non driver sectors that include the CMOS image sensors, the power management IC’s, its touch panel controllers, along with the company’s programmable Gamma OP and the timing controllers it provides.
The remarkable increase in the sale of smart phones in the Korean and Chinese regions has helped boost the sales of Himux considerably. Additionally, this trend seems to continue, and consequently will continue to make the balance sheet of Himux Technologies Inc., look healthy.
The large panel driver IC solutions that the company provides are an added feather in the cap of the company’s operations. With an already strong presence in the Chinese market, this technology is expected to grow considerably in the near future. Also, its recent development of solutions that take care of the thermal issues experienced in the 4K TV segment is an added bonus.
On account of these key factors, Himax Technologies Inc. (NASDAQ:HIMX) is expected to grow from strength to strength in the time to come, irrespective of some negative news inflow.
