Himax Technologies, Inc. (ADR) (HIMX): Have You Ever Heard of This $3 Stock? If not, Then You’re Missing Great Returns

Also, Himax has been successfully diversifying its product lines. Sales of non-driver products, such as CMOS image sensors, touch panel controllers, power management ICs, LED drivers etc. jumped almost 28% from the year-ago period. The improvement in this business was driven by new design wins and Himax expects this momentum to continue and even outperform driver ICs in the future.

The bottom line

Himax looks like a solid stock and it has consistently delivered in the past. The company sees its non-driver business growing at a fast pace in the future along with robust improvements in display drivers for mobile devices on the back of new design wins. Himax’s business might go down a bit due to seasonality in the ongoing quarter, but the long-term prospects still remain intact. And the most impressive part is that you don’t need to pay a fortune to buy into this growth story.

The article Have You Ever Heard of This $3 Stock? If not, Then You’re Missing Great Returns originally appeared on Fool.com and is written by Harsh Chauhan.

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