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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?

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).

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.


Iaroslav Neliubov/

Iaroslav Neliubov/

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