Is Himax Technologies Setting Up for a Big Move?

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The company is benefiting from long-term demand for displays in smartphones, smartwatches, and other devices. HIMX is a major supplier of the chips needed for screens and touch displays. This demand has led to year over year rises in both earnings and sales in the most recent quarter.

HIMX has a current ratio of 2.1, which indicates the company has more than enough liquidity to handle short-term obligations. Management is also efficient with a return on equity of 20.2%. Analysts forecast 81.4% year over year revenue growth and 4,500% year over year earnings growth in the current quarter.

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