Himax Announces $20 Million Share Buyback Program
Himax Technologies (HIMX) has announced a new $20 million share buyback program for its American Depository Shares (ADSs), effective immediately. The program allows for purchases through open market or private transactions, with no obligation to repurchase any specific amount and can be modified or suspended at the company's discretion.
The company has historically returned over $1 billion to shareholders through buybacks and dividends since its 2006 IPO. Management expressed confidence in Himax's market leadership and growth prospects, particularly in automotive, AI, WLO, and OLED sectors. The company maintains its commitment to strategic investments in high-growth sectors while focusing on shareholder value creation.
Himax Technologies (HIMX) ha annunciato un nuovo programma di riacquisto azionario da 20 milioni di dollari per le sue Azioni Depositario Americane (ADS), efficace immediatamente. Il programma consente acquisti tramite mercati aperti o transazioni private, senza obbligo di riacquistare alcun importo specifico e pu貌 essere modificato o sospeso a discrezione dell'azienda.
L'azienda ha storicamente restituito oltre 1 miliardo di dollari agli azionisti tramite riacquisti e dividendi dalla sua IPO nel 2006. Il management ha espresso fiducia nella leadership di mercato e nelle prospettive di crescita di Himax, in particolare nei settori automobilistico, AI, WLO e OLED. L'azienda mantiene il suo impegno verso investimenti strategici in settori ad alta crescita, concentrandosi sulla creazione di valore per gli azionisti.
Himax Technologies (HIMX) ha anunciado un nuevo programa de recompra de acciones por 20 millones de d贸lares para sus Acciones de Dep贸sito Americano (ADS), efectivo de inmediato. El programa permite compras a trav茅s de mercado abierto o transacciones privadas, sin obligaci贸n de recomprar ning煤n monto espec铆fico y puede ser modificado o suspendido a discreci贸n de la empresa.
Hist贸ricamente, la empresa ha devuelto m谩s de 1 mil millones de d贸lares a los accionistas a trav茅s de recompensas y dividendos desde su salida a bolsa en 2006. La direcci贸n expres贸 confianza en el liderazgo y las perspectivas de crecimiento de Himax, especialmente en los sectores automotriz, IA, WLO y OLED. La empresa mantiene su compromiso de realizar inversiones estrat茅gicas en sectores de alto crecimiento mientras se enfoca en la creaci贸n de valor para los accionistas.
頌堧Д鞀� 韰岉伂雴�搿滌鞀� (HIMX)電� 氙戈淡 鞓堩儊 欤检嫕(ADS)鞚� 鞙勴暅 2觳滊 雼煬 攴滊鞚� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 歃夓嫓 鞁滍枆頃滊嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚� 頂勲攴鸽灗鞚� 瓿店皽 鞁滌灔 霕愲姅 靷爜 瓯半灅毳� 韱淀暣 甑Г頃� 靾� 鞛堨溂氅�, 韸轨爼 旮堨暋鞚� 鞛Г鞛呿暊 鞚橂臧� 鞐嗢溂氅� 須岇偓鞚� 鞛焿鞐� 霐半澕 靾橃爼 霕愲姅 欷戨嫧霅� 靾� 鞛堨姷雼堧嫟.
須岇偓電� 2006雲� IPO 鞚错泟 鞛愳偓欤� 毵れ瀰瓿� 氚半嫻鞚� 韱淀暣 10鞏� 雼煬 鞚挫儊鞚� 欤检＜鞐愱矊 氚橅櫂頃� 鞐偓鞝� 旮半鞚� 鞛堨姷雼堧嫟. 瓴届榿歆勳潃 韸鬼瀳 鞛愲彊彀�, AI, WLO 氚� OLED 攵勳暭鞐愳劀 頌堧Д鞀れ潣 鞁滌灔 毽崝鞁臣 靹膘灔 鞝勲鞐� 雽�頃� 鞛愳嫚臧愳潉 響滍槃頄堨姷雼堧嫟. 須岇偓電� 瓿犾劚鞛� 攵勳暭鞐� 雽�頃� 鞝勲灥鞝� 韴瀽毳� 歆�靻嶍晿氅挫劀 欤检＜ 臧�旃橂ゼ 彀届稖頃橂姅 雿� 欤茧牓頃橁碃 鞛堨姷雼堧嫟.
Himax Technologies (HIMX) a annonc茅 un nouveau programme de rachat d'actions de 20 millions de dollars pour ses Actions D茅pos茅es Am茅ricaines (ADS), effectif imm茅diatement. Ce programme permet des achats par le biais de transactions en bourse ou priv茅es, sans obligation de racheter un montant sp茅cifique et peut 锚tre modifi茅 ou suspendu 脿 la discr茅tion de l'entreprise.
Historiquement, l'entreprise a rendu plus de 1 milliard de dollars aux actionnaires par le biais de rachats et de dividendes depuis son introduction en bourse en 2006. La direction a exprim茅 sa confiance dans le leadership de march茅 et les perspectives de croissance de Himax, particuli猫rement dans les secteurs automobile, IA, WLO et OLED. L'entreprise maintient son engagement envers les investissements strat茅giques dans des secteurs 脿 forte croissance tout en se concentrant sur la cr茅ation de valeur pour les actionnaires.
Himax Technologies (HIMX) hat ein neues Aktienr眉ckkaufprogramm 眉ber 20 Millionen Dollar f眉r ihre American Depositary Shares (ADS) angek眉ndigt, das sofort in Kraft tritt. Das Programm erm枚glicht K盲ufe 眉ber den offenen Markt oder private Transaktionen, ohne Verpflichtung, einen bestimmten Betrag zur眉ckzukaufen, und kann nach dem Ermessen des Unternehmens ge盲ndert oder ausgesetzt werden.
Das Unternehmen hat seit seinem B枚rsengang im Jahr 2006 historisch 眉ber 1 Milliarde Dollar an die Aktion盲re durch R眉ckk盲ufe und Dividenden zur眉ckgegeben. Das Management dr眉ckte Vertrauen in die Marktf眉hrerschaft und die Wachstumsaussichten von Himax aus, insbesondere in den Bereichen Automobil, KI, WLO und OLED. Das Unternehmen h盲lt an seinem Engagement f眉r strategische Investitionen in wachstumsstarke Sektoren fest und konzentriert sich gleichzeitig auf die Schaffung von Aktion盲rswerten.
- Authorization of $20 million share buyback program
- Strong track record of returning capital to shareholders ($1+ billion since IPO)
- Diversified portfolio across multiple growth sectors
- No specific timeline provided for the buyback completion
- Buyback program may reduce cash available for strategic investments
Insights
The
The flexible nature of the program, without obligation to repurchase specific amounts, provides management with strategic optionality in capital allocation. This is particularly important given their focus on investing in growth sectors like automotive, AI, WLO and OLED technologies. The timing suggests management views current stock prices as attractive, while maintaining sufficient capital for operational needs and strategic investments.
The buyback announcement comes at a strategic time in the semiconductor industry cycle, particularly as Himax positions itself in high-growth segments. Their diversification strategy across automotive, AI, WLO and OLED sectors provides multiple growth vectors and helps mitigate market risks. The emphasis on automotive and AI applications is especially noteworthy given the strong secular growth trends in these markets.
The company's balanced approach between shareholder returns and strategic investments indicates a well-thought-out capital allocation strategy. This could potentially provide support for the stock price while maintaining investment in future growth initiatives, which is important in the highly competitive semiconductor industry.
TAINAN, Taiwan, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (鈥淗imax鈥� or 鈥淐ompany鈥�) (Nasdaq: HIMX) today announced that its Board of Directors has approved a share buyback program. The program authorizes the Company to repurchase up to
鈥淪ince our IPO in 2006, Himax has returned more than one billion dollars to shareholders through buybacks and dividends. This share buyback program underscores our commitment to enhancing shareholder value and confidence in Himax鈥檚 market leadership and long-term growth prospects, particularly in automotive, AI, WLO, and OLED. Our diversified portfolio positions us well to better weather market fluctuations while capitalizing on growth opportunities across multiple sectors,鈥� stated Jordan Wu, President and Chief Executive Officer of Himax.
鈥淐oncurrently, we continue to make strategic investments in high-growth sectors, reinforcing our commitment to driving innovation and delivering long-term value for our shareholders,鈥� concluded Jordan Wu.
About Himax Technologies, Inc.
Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company鈥檚 display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company鈥檚 industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,683 patents granted and 390 patents pending approval worldwide as of September 30, 2024.
Forward Looking Statements
Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company鈥檚 business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.
Company Contacts:
Eric Li, Chief IR/PR Officer
Himax Technologies, Inc.
Tel: +886-6-505-0880
Fax: +886-2-2314-0877
Email:
听听
Karen Tiao, Investor Relations
Himax Technologies, Inc.
Tel: +886-2-2370-3999
Fax: +886-2-2314-0877
Email:
Mark Schwalenberg, Director
Investor Relations - US Representative
MZ North America
Tel: +1-312-261-6430
Email:
FAQ
What is the size of Himax's (HIMX) new share buyback program?
How much has Himax (HIMX) returned to shareholders since its IPO?
What are the key growth sectors mentioned in Himax's (HIMX) December 2023 buyback announcement?
Is there a specific timeline for Himax's (HIMX) $20M share buyback program?
