Seeking Alpha

Himax rises after pre-announcing Q1 results

  • Himax (HIMX +3.6%) expects Q1 revenue to be up 10.8% Y/Y to $194.6M. That's slightly below guidance for 11.1% growth, but above a $193.6M consensus.
  • Gross margin is expected to fall 40 bps Q/Q to 24.7%. The company previously guided for GM to be "down slightly" Q/Q.
  • Shares fell 14% yesterday on heavy volume.

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Comments (5)
  • arappaport@UHC.COM
    , contributor
    Comment (1) | Send Message
     
    still believe HIMAX in the long run is a good bet. great buying opportunity at $9
    15 Apr 2014, 10:30 AM Reply Like
  • vreteno
    , contributor
    Comments (432) | Send Message
     
    Better yet around $6.
    15 Apr 2014, 10:38 AM Reply Like
  • Opportunist
    , contributor
    Comments (151) | Send Message
     
    vreteno: so in other words, you'd like a company in one of the hottest areas of tech at a Dec2014 PE of 10. And a nice dividend thrown in. Good luck with that one, unless the entire market crashes of course.
    15 Apr 2014, 06:27 PM Reply Like
  • CT Programmer
    , contributor
    Comments (654) | Send Message
     
    Long and holding. Do I wish I had sold at $15? Yes. But only to buy back in now. It has been a huge run up, but still a fantastic company and undervalued. Buy it while it is on sale.
    15 Apr 2014, 08:25 PM Reply Like
  • MGMcooky
    , contributor
    Comment (1) | Send Message
     
    I hope you are right
    19 Apr 2014, 10:50 AM Reply Like
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