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HIMX – Tech Growth at Value Price and Shorted

Himax is a fabless semiconductor company that specializes in display drivers. They currently have significant sales in phones, tablets, monitors, vr, televisions, and automotive. They are a technical leader in this field. In the last two weeks at a conference the ceo of continental hyped their relationship. This semiconductor company has a 75%+ yoy growth like many people during this time frame but this wasn’t during a downturn but a period of high growth. They have posted 4 straight quarters of 15%+ qoq or sequential growth. As of today it trades with a trailing pe of 6.14 and forward pe of 4.64. This is lower pe then other companies only growing 1% yoy. One of the chairmen with the most shares in the company recently announced he was buying another 10M worth of shares. They are also shifting a lot of production to automotive where they have dominant market share, the highest margins, and already supply tier ones in Japan, south Korea, Europe and the USA. Their latest display driver has one of the most advanced local dimming features critical for high contrast conditions and yet it’s one of the lowest power options on the market.

Now the short % is only 14% of float so this isn’t going to 100 but this is an opportunity to buy a growing company with awesome fundamentals that could easily double by 2024. The shares popped yesterday and this morning volume was high usually pointing to shorts accumulating to continue to apply short pressure to try and limit losses. If the buying pressure can keep this flat or positive then I think we will start to see a continuing of their rise over the past month. This is not financial advice and I have shares and 2023 and 2024 leaps.

Good luck and as always do your own dd.

submitted by /u/SofaKingStonked
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