Devin D'Angelo
Long/short equity, value, special situations, growth

Himax: Near-Term Concerns Create Long-Term Buying Opportunity Into Earnings Announcement

Himax Technologies (NASDAQ:HIMX) shares have been on the decline since March, falling a staggering 60% from the high of $15.49. There have been several major blows dealt to outlook and sentiment over the past few months, including major analyst downgrades, uncertain Google Glass prospects, an inventory concern at a major customer, the purchase of Renesas display driver segment by Synaptics (NASDAQ:SYNA) creating new competition, and finally rumors of losing Google's (NASDAQ:GOOG) business altogether. While there have certainly been negatives swarming HIMX recently, there are positives on the horizon. "Super-HD" 4k TVs, potential continued growth from the Chinese smartphone market, and an extensive catalogue of non-driver products all provide excellent future growth opportunities. With the...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details