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...

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