Tag Archives: Himax Technologies

Computers

Google invests in Taiwanese maker of Glass components

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Google appears to be preparing to ramp up production of its Google Glass product with an investment in a Taiwanese chip maker that manufactures components used in the wearable device.

Google will buy shares to hold a 6.3 percent interest in Himax Display, a subsidiary of Himax Technologies, the Taiwanese company said on Monday.

The investment will fund production upgrades and expand capacity at Himax Display’s facilities that make liquid crystal on silicon (LCOS) chips. These chips are typically found in projectors, but are also used in the head-mounted display for Google Glass. Since this year’s second quarter, the company had already begun expanding capacity to meet demand for its LCOS products.

“Himax Display has been a great partner for several years now,” Google said in an email. “This investment is an extension of this partnership, which we hope will allow the team to continue to develop their operations.”

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Source: FULL ARTICLE at PCWorld

Business, Finance, Occupation & Industry

Why Himax Technologies Shares Soared

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By Evan Niu, CFA, The Motley Fool

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Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis.

What: Shares of Himax Technologies have soared today by as much as 13% on positive analyst sentiment regarding the company’s upcoming earnings.

So what: Wedge Partners believes that Himax is set up for a first-quarter beat, thanks to strong sales related to tablet and smartphone form factors. The firm believes that Himax has won deals with Microsoft, Sony, and Samsung, which will help boost first-quarter sales above its own guidance.

Now what: Himax is expected to be a beneficiary of a larger shift toward higher resolution panels within mobile devices, since it supplies panel driver integrated circuits. Himax has been on an incredible run lately, in part on hopes that the company will be a supplier for Google‘s upcoming Glass product. I think shares have gotten a little frothy, which is why I’ve given it an “underperform” CAPScall that’s currently going against me.

Interested in more info on Himax? Add it to your watchlist by clicking here.

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The article Why Himax Technologies Shares Soared originally appeared on Fool.com.

Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Why Himax Technologies Shares Skyrocketed

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By Evan Niu, CFA, The Motley Fool

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Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis.

What: Shares of Himax Technologies have skyrocketed today by as much as 39% after an article on Seeking Alpha speculated that the company could greatly benefit from Google Glass and could triple.

So what: Author Mark Gomes claims that him and his research team have uncovered evidence that suggests Himax will be the primary provider of Google Glasss micro display. Gomes also cites commentary from Himax’s last conference call as contributing to this view, as CEO Jordan Wu noted a “new and exciting head-mounted display application.”

Now what: Himax also recently referred to large domestic software companies as possible customers, and the article says that Himax shipped 20,000 chips last quarter, which matches up with Google’s announcement that Glass is expected to hit the consumer market later this year at a retail price point of under $1,500. Gomes also points to recent footage of the device in action, saying the panel looks identical to those offered by Himax. The author believes Street estimates will rise to factor in the possible Google Glass win, and calls for shares to triple.

Interested in more info on Himax? Add it to your watchlist by clicking here.

The article Why Himax Technologies Shares Skyrocketed originally appeared on Fool.com.

Fool contributor Evan Niu, CFA. has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

10 Highly Unusual Volume Spikes With Huge Gains In Shares Traded

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By 24/7 Wall St.

Bull and Bear

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24/7 Wall St. is tracking the highly unusual volume increases in shares today. The Dow Jones Industrial Average hit a new all-time high today, but the volume on these news bits is taking some way up and some way down. The actual trading volume here is so strong that you know day traders and speculators are involved in many of these stocks today.

Acura Pharmaceuticals, Inc. (NASDAQ: ACUR) shares are surging on its Nexafed pharmacy deal, where its new next generation pseudoephedrine with abuse deterrent technology will now be stocked by chain drug store KERR DRUG. Shares are up a whopping 60% at $3.25 versus a 52-week range of $1.06 to $4.50, The share volume of more than 6.8 million shares compares to average volume of only about 530,000 shares. That is a 13X volume spike with about 3 hours until the close.

American Apparel, Inc. (NYSEMKT: APP) is actually trading up after earnings and shares have now doubled off of the 52-week low. The 14% gain to $1.47 is on more than 1.27 million shares, representing a 3.5-times volume spike. This is currently the third most active day of 2013.

Chuy’s Holdings, Inc. (NASDAQ: CHUY) is at it again, with big gains of 7% to $31.20 and shares hit a new all-time high of $32.00 today. The 335,000 shares is already close to twice the normal trading volume, and it is on no formal news.

Cree, Inc. (NASDAQ: CREE) is up 15% after an analyst upgrade today at $51.40. What is so unusual is that Cree’s 8.7 million shares is more than a 4X volume spike as the average volume each day is about 1.97 million shares.

Himax Technologies, Inc. (NASDAQ: HIMX) is up a whopping 32% at $4.55 to a new 52-week high by just over $1.00 per share. A Seeking Alpha article said shares could triple on Monday. The 11.1 million shares with about 3 hours to go is on more than 11.1 million shares. That represents more than 19-times normal daily share volume. Count that as a 20X volume spike already.

Read Also: 11 Stocks Analysts Think Will Rise 50% to 100% (Or Even More)

Impax Laboratories Inc. (NASDAQ: IPXL) is down a sharp 24% at $15.08 after the FDA identified manufacturing issues at the company. What is odd here outside of the drop taking it well under the prior 52-week low of $18.90 is that the 7.5+ million shares represents a 12X volume spike.

J. C. Penney Company, Inc. (NYSE: JCP) is down yet another 9% at $15.20 after Vornado is unloading shares; but the volume of 29 million shares with about 3 hours to go is already almost a 3X volume spike. The is the second most active day of 2013 after the 48 million shares traded after earnings.

MGIC Investment Corp. (NYSE: MTG) is at it yet again for days in a row of gains. With 40 million shares traded, that is more than a 6X volume spike. Shares are up 24% at $5.20 after an analyst upgrade. Radian Group Inc. (NYSE: RDN) was also …read more
Source: FULL ARTICLE at DailyFinance