Himax Technologies Inc. (NASDAQ:HIMX) is one of the 10 Stocks With Powerful Gains.
Himax snapped a two-day losing streak on Tuesday, jumping 6.57 percent to finish at $19.29 apiece, with the rally primarily driven by the overall optimism for semiconductor players despite the absence of fresh company developments.
Optimism was further supported by Baird’s highly optimistic outlook for Himax Technologies Inc. earlier this month, having tripled its price target to $30 from $10 previously, while reaffirming a buy recommendation.
Photo from Himax Technologies website
The price target marked a 55 percent upside potential versus its latest closing price.
For its part, Himax Technologies Inc. also posted an upbeat outlook for its business for the remainder of the year amid a meaningful number of new automotive projects entering mass production in the second half, helped by an anticipated growth in non-driver IC business.
This despite a dismal earnings performance in the first quarter of the year, with net income attributable to shareholders declining by 60 percent to $7.99 million from the $19.99 million in the same period last year. Revenues also declined by 7.4 percent to $199 million from $215 million year-on-year.
In other news, Himax Technologies Inc. is set to distribute cash dividends amounting to 25.2 cents per ADS, or equivalent to 12.6 cents per ordinary share, to all shareholders on record as of June 30, 2026. The dividends are payable on July 10.
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