Why Himax Technologies, Inc. Popped 19% in August

Last month, Himax Technologies, Inc. (NASDAQ: HIMX) stock price jumped 19%, according to data provided by S&P Global Market Intelligence, likely on news that the company is collaborating with Qualcomm (NASDAQ: QCOM) on new 3D depth-sensing camera technology and investors' optimism that the company's tech will be inside Apple's newest iPhones, which will debut next week.

Investors have already pushed Himax's share price up 78% this year, partly on rumors that the company's 3D sensing components will be in the next iPhones. Apple's next device is rumored to have advanced facial recognition technology and also use 3D sensors for augmented reality and 3D object scanning, both of which could be controlled by Himax's tech.

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Source: Fool.com