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Here’s Why Himax Technologies, Inc. (ADR) (HIMX) is in the Spotlight

Traders are watching Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) after the Digitimes published an article stating the following:

Taiwan-based Himax Technologies will be among the component suppliers of Apple for its OLED iPhone that will feature a built-in 3D-sensing module to enable augmented reality (AR) and virtual reality (VR), according to industry sources… Lumentum will provide 3D sensing modules for Apple’s upcoming flagship iPhone model that will come with an OLED display, said the sources…. Himax’ glass component design to fit into Lumentum’s 3D-sensing module for the OLED iPhone will be processed with chip-on-glass (COG) technology, the sources noted.

Although Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) will likely get most of its revenues/cash flow from other sources, any exposure to the OLED iPhone is certainly a positive. In terms of today’s price action, it seems that some traders are taking profits and playing more with house money. Shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) have surged over 70% since early February.

What Does The Smart Money Sentiment Say?

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According to our data, the smart money wasn’t too enthused about Himax in the fourth quarter. Of the 742 elite funds we track in total, 17 had a bullish position in Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) at the end of December, down 9 funds from the previous quarter.

The Bottom Line

According to the Digitimes sources, Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) may one of the component suppliers of the OLED iPhone, giving the company some incremental exposure to the upcoming iPhone 8 launch. For those of you interested, check out this article about the 11 best virtual reality games for the iPhone.

Disclosure:None

Iaroslav Neliubov/Shutterstock.com

Iaroslav Neliubov/Shutterstock.com