Is Himax Technologies Stock a Buy?

Himax Technologies (NASDAQ: HIMX) is a fabless semiconductor solutions provider. The company is a worldwide market leader in display driver ICs (integrated circuits) and timing controllers used in a variety of electronic equipment such as TVs, laptops, monitors, and mobile phones.

Himax reported disappointing third-quarter earnings with revenue down 12.8% year over year and a loss attributable to shareholders of $7.2 million, reversing a net profit of $0.9 million during the same period last year. Gross margin also contracted from 23.4% to 19.5% as the company reported waning demand in industries that use consumer display panels.

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Source Fool.com