Why Himax (HIMX) Stock Is Trading Up Today
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. Howeve