Himax(US:HIMX)2025-05-09 07:11Company Overview - Himax is a global display and imaging IC design house[4] - The company was ranked as a Global Top 10 Fabless IC Design Company in 2021[18] - In 2022, Himax achieved $1.2 billion in sales, shipping an average of 60 million ICs per month[5,18] - Himax has a 40% global market share in driver ICs for automotive displays[5] - As of March 31, 2025, Himax held 2,603 granted patents and 389 pending approval worldwide[34] Financial Performance and Guidance - In Q1 2025, Himax reported revenues of $215.1 million, a 3.7% increase year-over-year[30] - The gross margin for Q1 2025 was 30.5%[30] - Profit for Q1 2025 reached $20.0 million, with earnings per ADS at $0.114[30] - For 2024, revenues totaled $906.8 million, with a gross margin of 30.5% and profit of $79.8 million[30] - The company anticipates Q2 2025 revenues to decrease 5.0% to increase 3.0% sequentially, with a gross margin around 31.0%[30] Shareholder Returns - Since its IPO, Himax has returned $1,005 million to shareholders through dividends and share buybacks[24] - As of 2024, Himax had repurchased a total of 46.7 million ADSs at an average purchase price of $3.16[29] - Insider ownership accounts for 24.4% of the company's shares as of May 7, 2025[19]