Himax’s Recent Crash Isn’t Indicative Of Future

Himax Technologies, Inc. (HIMX), is a fabless semiconductor solution provider, based in China. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices.

Last Friday Himax stock crashed and is trading at slightly above $10.00, which is 7.23% fall from Thursday. This crash has not been following the trend Himax has had over the past five months. Since August 12th, 2015 the company has been up 61.39% and has outperformed the S&P 500 by 59.16%. Despite the crash, you can expect to see the company continue growing.  After the stock’s recent fall now is a particularly good time to invest in Himax, as the potential profits are even higher.

Augmented and Virtual Reality Products Set to Taking Off

One industry that Himax is heavily involved in is virtual reality and augmented reality products. Many are expecting AR & VR products to become more widespread and mainstream in the near future. Two of their most well-known products, Liquid Crystal on Silicon (LCoS) and Wafer-Level Optics (WLO) are functioned with AR & VR products. Management expects revenue from both LCoS and WLOs to double quarter-over-quarter as AR & VR products become more widespread.

Currently, virtual reality and augmented reality are still in their infant stages but still have enormous potential. According to digi-capital.com revenue from augmented/virtual reality software only generated a little over $1billion in worldwide revenue in 2015, but is expected to hit over $120 billion by 2020.

HIMX Stock

(Source: Google) – Google VR Cardboard Version

Himax first came onto the scene when they were hired by Google to design a Google Glass display. While Google Glass never quite lived up to the hype, it was enough for people to gain interest in Himax. Google has a new “Glass Enterprise Edition” patented, which will be sold exclusively to businesses. The new Google Glass will be released later in the year.

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