Himax Technologies Inc. (NASDAQ:HIMX) is one of the 10 Stocks With Easy Double-Digit Returns.
Himax Technologies extended its winning streak to a 5th consecutive day on Monday to hit a new all-time high, as investors resumed buying positions following the company’s upbeat outlook for the remainder of the year.
In intra-day trading, the stock climbed to a fresh high of $21.80 before trimming gains to finish the session just up by 16.08 percent at $20.65 apiece.
Photo from Himax Technologies website
In a statement last week, Himax Technologies Inc. (NASDAQ:HIMX) said that it is seeing an upward momentum through the remainder of the year, supported by a meaningful number of new automotive projects entering mass production in the second half, alongside 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.
“The rapid rise in AI demand is placing unprecedented strain on memory chip supply, impacting many non-AI applications. This, in turn, has led to capacity tightness across foundry, packaging, and testing in mature process nodes where Himax is anchored, putting upward pressure on the company’s cost structure. Rising gold prices have further compounded these cost pressures,” Himax Technologies Inc. (NASDAQ:HIMX) said.
The impact of the said challenges is expected to spill over to the second quarter of the year. However, Himax Technologies Inc. (NASDAQ:HIMX) assured that it is working continuously with its customers on pricing adjustments.
In other news, Himax Technologies Inc. (NASDAQ:HIMX) announced the distribution of 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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