Himax Technologies $HIMX Bullish Option Flow Detected

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Bullish option flow was detected in HIMX stock on December 27, 2021.

Bullish Option Flow

Himx Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

Bullish option flow was detected in Himax with 13,229 calls trading, 1.9x expected and implied vol increasing almost 3 points to 66.36%. Jan-22 10 calls and 12/31 weekly $13.50 calls were the most active options, with total volume in those strikes near 3,500 contracts.

Himax Technologies, Inc. to Attend 24th Annual Needham Virtual Growth Conference on January 10 – 14, 2022

On December 27, 2021, Himax Technologies, Inc. (Nasdaq: HIMX), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced that the Company will attend 24th Annual Needham Virtual Growth Conference held during January 10 – 14, 2022. Eric Li, Chief IR/PR Officer of Himax, will make a company presentation on January 10 at 5:00 – 5:40 PM EST in Track 3 session.

The Company management will host one-on-one or group meetings with interested investors during the conference dates. Conference participation is by invitation only and registration is mandatory. For more information on the conference or to schedule a one-on-one or group meeting, please contact a Needham representative or the conference coordinator at: [email protected]

Himax Technologies, Inc. (NASDAQ: HIMX) is a fabless semiconductor solution provider dedicated to display imaging processing technologies. Himax is a worldwide market leader in display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, automotive, digital cameras, car navigation, virtual reality (VR) devices and many other consumer electronics devices. Additionally, Himax designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration (TDDI) single-chip solutions, LED driver ICs, power management ICs and LCoS micro-displays for augmented reality (AR) devices and heads-up displays (HUD) for automotive. The Company also offers CMOS image sensors, wafer level optics for AR devices, 3D sensing and ultralow power smart sensing, which are used in a wide variety of applications such as mobile phone, tablet, laptop, TV, PC camera, automobile, security, medical device, home appliance, AIoT, etc. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,000 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Israel, and the US. Himax has 3,021 patents granted and 498 patents pending approval worldwide as of September 30, 2021. Himax has retained its position as the leading display imaging processing semiconductor solution provider to consumer electronics brands worldwide.

Himax Industry-Leading Automotive Local Dimming TCON Solution Universally Adopted on Novel Automotive Display

On December 22, 2021, Himax Technologies (Nasdaq: HIMX) announced its universally adopted industry-leading timing controller (“TCON”), HX8880-D/E Series, will be showcased with various global dominant panel makers, Tier-1 suppliers, and major automotive partners at CES 2022 from January 5 to January 8 in Las Vegas. Himax HX8880-D/E Series features the state-of-the-art local dimming function that can support ultra-high resolution and high contrast panels for automotive applications. Himax HX8880-D has already entered production in numbers of premium car models. The next generation HX8880-E is set to enter full scale production by mid-2022.

The HX8880-E local dimming TCON is equipped with high-speed P2P transmission interface and provides image processing functions, including Over-Drive that indispensably improves sluggish response characteristics of the liquid crystal displays, and Demura that reduces the luminance non-uniformity for curved automotive display. The HX8880-E, in collaborating with Himax industry-leading automotive TDDI, can support super high resolution, up to 7K1K, and larger sized displays, more than 30 inches, for modish automotive interior design. Most importantly, Himax HX8880-E can couple with mini-LED backlight to reach thousands of dimming zones or with dual-cell structured panel to enable millions of dimming partitions. Both will offer superior homogenous light distribution and/or compelling true black, HDR and contrast enhancement with extreme low power and thermal reduction benefits. This feature is of particular importance for display to show highly contrasted information when driving under highly illuminating sunlight and provides better driver safety protection. In addition to providing the standard TCON, Himax also offers customized TCON solutions based on customers’ diverse requirements. Given its outstanding performance, numerous panel makers and Tier-1 suppliers from the United States, Europe, China, Japan, and Korea are enthusiastically cooperating with Himax and have successfully adopted Himax local dimming TCON technology inside their latest flagship car models.

Furthermore, to adhere to the strict automotive-grade supply chain management requirements, Himax collaboratively works with worldwide leading LED driver suppliers, such as Texas Instruments, ROHM, Renesas Electronics, Analog Devices Inc., Macroblock, and many others to complete the qualification processes for panel design. Himax’s partnership with leading LED driver suppliers allows both parties to be at the forefront of automotive innovation for newly launched vehicles. Live demos of the automotive display incorporating Himax HX8880 TCON Series and LED driver solution will be showcased in partner’s booths at CES 2022.

“We are energized to see the increasing numbers of validation and deployment of our HX8880-D/E TCON across panel houses, numerous Tier-1s and leading car brands,” said Jordan Wu, President and CEO of Himax Technologies. “Our local dimming TCON solution has been proven in various customers’ new vehicles. We are pleased to report we recently secured many other marquee design wins with all valuable automotive business partners. We continue to keep our competitive position in automotive market where our technological prowess, bundling TCON and display driver, continues to separate us from rivals for the next generation display for automotive. We expect our automotive TCON will be one of Himax major automotive business growers in the near future,” concluded Jordan Wu.

Himax Second Generation Automotive TDDI Broadly Adopted by New Vehicles Worldwide

On December 17, 2021, Himax Technologies (Nasdaq: HIMX) announced that its second generation automotive in-cell TDDI (Touch and Display Driver Integration), HX83192 series, entered mass production in the third quarter and continues to be broadly adopted by vehicle manufacturers, Tier-1 suppliers and panel makers across all major automotive markets, including the United States, Europe, China, Japan, and Korea, for new car models to be released to the public during 2022 to 2024. In the third quarter of 2021 alone, the single-quarter shipment of the second generation automotive TDDI reached over one million units, far outpacing others in the industry. Himax expects sales of its second generation automotive TDDI to grow exponentially moving forwards.

Dedicated to cutting-edge automotive display innovation with more than 15 years of development and production experience in automotive driver IC, Himax is the world leader with over 40% market share in the traditional automotive driver IC (DDIC). In addition, Himax is the first in the industry to launch automotive TDDI which entered mass production as early as 2019. The HX83192 series, the newly launched second generation automotive TDDI, is already widely adopted by the automotive industry and demonstrated again the great leadership of Himax in the now fast-growing automotive display battlefield.

The design of automotive products has more stringent quality and reliability requirements than consumer products such as smart phones or tablets, and Himax’s automotive driver ICs have passed those strict automotive testing standards, including CISPR 25 Class 5 EMI, ISO 11452 EMS, AEC-Q100 automotive IC reliability, and ISO 26262 development functional safety certification.

Himax’s HX83192 TDDIs are designed to meet the emerging needs of new vehicle interior design that features information integration, interactive entertainment, as well as the pursuit of stylish, large, and curved screen design. In addition to the specific in-cell touch design for automotive panels, HX83192 also improves chip performance and reduces power consumption. HX83192 offers the industry first cascade-topology connection technique, allowing up to 3 TDDIs seamlessly connected for larger displays of, say, 20 inches. When taken together, users are empowered with the ultimate in visual and tactile enjoyment. Furthermore, Himax led the industry in the launch of its exclusive LTDI (Large Touch and Display Driver Integration) automotive display solution that adopts multi-chip connection architecture, specially designed for the next generation extra-large-sized automotive panels such as the trendy Pillar-to-Pillar Display. Himax has been working with leading panel houses and automakers to develop the extra-large-sized automotive display products and expects to introduce them in 2022.

Joachim Knerr, Director of Purchasing of Continental Automotive GmbH, a world-leading automotive Tier-1 supplier, said, “Himax has been working with Continental Automotive for many years on automotive IC solutions, from traditional DDIC to the leading automotive TDDI. The superior specification, quality, and reliability of Himax’s automotive display drivers impressed customers unfailingly and Himax has always played the role of a trustworthy partner to us. From demand side, it is expected that more automotive center console and rear seat entertainment systems will require more automotive TDDIs to complement the novel designs, and we look forward to working more closely with Himax in the future.”

“The automotive industry is still facing issues of component shortages and port congestion, which adversely affect automobile manufacturing and sales,” said Jordan Wu, President and CEO of Himax Technologies. “However, looking ahead in automotive display deployment, not only is the number increasing but the size and feature complexity are also rising rapidly. In consideration of the lasting capacity constraint, we have secured long-term agreements with both our foundry partners and customers to streamline sales and supply of automotive ICs among all parties. With these in place, we are confident in the growth prospects of our automotive business.”

In the third quarter, Himax’s overall automotive driver IC revenue was $71.6 million, an increase of 34.3% over the previous quarter and up more than 150% over the same period last year, accounting for 17% of the overall revenue. In 2022, Himax expects that the automotive-related ICs business will become the single largest source of revenue with automotive TDDI becoming a new long-term growth contributor of Himax’s business.

📽 Himax: Minimal Effort, Maximal Gains || $HIMX Trade Idea

Himax: Minimal Effort, Maximal Gains || $HIMX Trade Idea

📈 HIMX Stock Technical Analysis

Himx Stock

Both the short-term and long-term trends are positive. This is a very positive sign. HIMX is one of the better-performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 80% of 105 stocks in the same industry. HIMX is currently trading in the middle of its 52-week range. The S&P500 Index however is currently trading near new highs, so HIMX is lagging the market. Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry. There is resistance at 14.30 from a trend line in the weekly time frame. There is support at 10.46 from a trend line in the weekly time frame. Although HIMX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts on when HIMX stock is a good entry.

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