What Happened?

Shares of semiconductor maker Himax Technologies (NASDAQ:HIMX) jumped 14.4% in the pre-market session after the company reported strong fourth quarter 2024 results, with revenue rising 6.7% sequentially and 4.2% y/y, exceeding Wall Street's estimates. Operating income rose sharply to 9.7% of sales from 2.6% in the prior quarter, contributing to a solid earnings beat. Looking ahead, the company guided for sequential revenue decline in Q1, citing seasonality from the Lunar New Year holiday. However, revenue is expected to remain flat or grow up to 4.6% y/y, with gross margins holding steady. EPS guidance also implies a substantial y/y increase of 26% to 54%, signaling continued profitability improvements. Overall, this was a decent quarter.

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What The Market Is Telling Us

Himax’s shares are not very volatile and have had no moves greater than 5% over the last year.

Himax is up 40% since the beginning of the year.

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