Overview

Himax Technologies, Inc. engages in the design, development, and marketing of semiconductors that are used as components of flat panel displays. Its principal products include display drivers for large-sized TFT-LCD panels, which are used in desktop monitors, notebook computers, and televisions; and display drivers for small- and medium-sized TFT-LCD panels, which are used in mobile handsets and consumer electronics products, such as digital cameras, mobile gaming devices, and car navigation displays. In addition, the company's product offering includes LCD TV chipset solutions and LCOS microdisplays. Himax Technologies was founded in 2001 and is headquartered in Tainan, Taiwan with regional offices in Hsinchu and Taipei, Taiwan; Suzhou and Shenzhen, China; Yokohama, Japan; and Anyangsi Kyungkido, South Korea.  Additional Information from Reuters

Financials (In millions of USD)

Income Statement

Quarterly
(Sep '06)

Annual
(2005)

Annual
(2004)

Total Revenue

177.10

540.20

300.27

Gross Profit

30.82

120.82

64.30

Operating Income

2.74

67.87

32.88

Net Income

4.59

61.56

36.00

Balance Sheet

Total Current Assets

471.69

300.06

144.41

Total Assets

509.15

327.24

157.77

Total Current Liabilities

134.64

160.78

52.16

Total Liabilities

135.69

161.41

52.91

Total Equity

373.46

165.83

104.86

Cash Flow

Net Income/Starting Line

4.59

61.56

36.00

Cash from Operating

-3.08

12.46

-8.69

Cash from Investing

-8.93

-25.36

11.00

Cash from Financing

0.66

14.40

0.73

Net Change in Cash

-11.29

1.51

3.05

                                                                             Source:  Google Finance

Key Elements

  • Management is working on reducing costs
  • Increasing the market share in the Small/Medium Panel
  • Streamlining its delivery program
  • Current Inventory on hand is around 50 days
  • Expanding into new markets such as Japan and Korea
  • Expanding the product mix
  • Migration into new generation

Charts

 

3 Month Chart

1 Year Chart

5 Year Chart

                                                                       Source:  BigCharts.com

News

              Source:  Yahoo Finance

 

Ownership