Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here’s Why Patience Should Pay Off for Himax Technologies Investors

TheMotleyFool

0 0

Here’s Why Patience Should Pay Off for Himax Technologies Investors

Himax Technologies' (NASDAQ: HIMX) third-quarter results turned out to be a mixed bag when the company reported on Nov. 9. The chipmaker beat Wall Street's estimates thanks to rising demand for its wafer-level optics (WLO) technology that's used to enable 3D sensing functions. However, weakness in other areas of the business led to tepid fourth-quarter guidance.

Still, the stock continues to trade close to 52-week highs. I think investors are right to keep the faith. Here's why.

Image Source: Getty Images.

Source: Fool.com