Daily Stock Analysis: Himax Technologies, November 2022

Himax Technologies Corp, bears the ticker symbol (HIMX). This is my first report on Himax for my Viking portfolio. However I have selected Himax for one more of my previous seven Dog of the Week portfolios.

Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue gets derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.

Himax Technologies, Inc. was incorporated in 2001 and is headquartered in Tainan City, Taiwan.

Three key data points gauge

Himax Techhnologies Corporation:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

HIMX Price

Himax’s price per share was $6.13 at Monday’s market close. However, in the past year, Himax’s share price fell by $4.82 or about 44.0%.

If Himax’s stock trades in the range of $4.00 to $16.00 this next year, its recent $6.13 share price might reach $7.00 by next year. My upside increase estimate of $0.87 is $0.20 below the median of one year target estimates from 4 analyst tracking HIMX stock for brokers.

HIMX Dividends

Himax’s most recently declared annual dividend of $1.25 per share casts a yield of 20.39%.

HIMX Returns

Adding the $1.25 annual

HIMX dividend to my one-year price upside estimate of $0.87 shows a $2.12 potential gross gain per share.

At Monday’s $6.13 closing price, a little under $1000 would buy 163 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us $0.06 per share.

Subtract that maybe $0.06 brokerage cost from my estimated $2.12 gross gain per share results in a net gain of $2.06 X 163 shares = $335.78 for a 33.58% net gain including a 20.39% annual yield.

In a year our $1K investment in shares of Himax Technologies Corporation would generate $203.90 in cash dividends. Of course, a single share of HIMX stock at Monday's $6.13 price is more than 33 times less than the annual dividend income from our $1000.00 investment.

So, by my dogcatcher ideal, this a good time to buy HIMX shares based on their dividends for the coming year 2022-23. The current dividend from $1K invested is 33.26 times greater than HIMX’s single share price. Consider yourself alerted. Now might be time for Himax Technologies Corporation, even if the dividend is reduced.

All of the estimates above are speculation based on the past history of Himax Technologies Corporation. Only time and money invested in this stock will determine its market value.

More By This Author:

Daily Stock Analysis: Acme United
Daily Stock Analysis: Matthews International - November 2022
Daily Stock Analysis: The Hackett Group - Nov. 2022

This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation ...

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