Investment thesis
We believe that Himax (NASDAQ:HIMX) is undervalued compared to its closest competitors and the overall industry by more than 50%. The company's shares have a unique opportunity to return to levels above $17 soon
Himax: Clear Bullish Opportunity
Summary
- The company's revenue increased by 18.2% compared to Q1 2021 and exceeded analysts' expectations.
- HIMX trades at a significant discount by more than 50% compared to the industry.
- The company has paid dividends for the first time since 2018. The dividend yield is about 2%.
- Himax also offers new products for EV and image sensing solution markets.
I work as a financial analyst and specialize in the analysis of telecom and IT companies. In my spare time, I search for undervalued companies on the stock markets. Feel free to contact me if you have any questions or suggestions. I am also open for new opportunities.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of HIMX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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