Traders are watching Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) after the company announced that it made a strategic investment in Emza Visual Sense Ltd., an Isreali company that focuses on developing visual sensors that include machine-vision algos that ideally achieve orders of magnitude improvement in power consumption. Although the exact financial details of the purchase were not disclosed, Himax has taken a 45.1% equity ownership of Emza Visual Sense Ltd., with an one year option to buy the remaining 54.9%, in exchange for cash.
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) CEO Jordan Wu said, ‘This strategic investment in Emza compliments our previously announced ultra low power CMOS image sensor product and initiatives in delivering turn-key solutions for ‘always-on’ smart camera that enables devices capable of real-time contextual awareness, such as face detection and human presence detection and motion. Together, we can transform our AoS sensor from a simple ‘image capturing device’ to an ‘information analytics device’ that offers significantly more value to our customers. This exciting new computer vision market demands highly efficient sensors, algorithms, camera and processor architectures capable of delivering extremely low power consumption in a small form factor so that it can be easily integrated into TVs and smartphones, as well as AR/VR, IoT, and AI devices.’
What Does The Smart Money Sentiment Say?
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17 top funds owned shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) at the end of December, down 9 funds from the previous quarter. Those numbers are out of the total of 742 elite funds we track.
The Bottom Line
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares are in the spotlight due to the company making a strategic investment. For more reading, check out ‘Top 5 Ways in which Technology has Changed the Way We Look at Money‘.