Himax (HIMX) Higher Once Again Following Google (GOOG) Deal
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Price: $14.39 -4.64%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 13.9%
Revenue Growth %: -2.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 13.9%
Revenue Growth %: -2.5%
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Himax Technologies (Nasdaq: HIMX) is up once again today following a 30.4 percent move higher on Monday.
Shares rose as Himax announced entering an agreement with Google (Nasdaq: GOOG) pursuant to which Google has agreed to invest in the Company's subsidiary, Himax Display Inc.
The agreement provided to
Shares of Himax are up 9 percent with volume of nearly 13 million shares, versus the company's trailing daily average of about 6.1 million shares.
Shares rose as Himax announced entering an agreement with Google (Nasdaq: GOOG) pursuant to which Google has agreed to invest in the Company's subsidiary, Himax Display Inc.
The agreement provided to
fund production upgrades, expand capacity and further enhance production capabilities at HDI's facilities that produce liquid crystal on silicon chips and modules used in applications including head-mounted display (HMD) such as Google Glass, head-up display (HUD) and pico-projector products.
Shares of Himax are up 9 percent with volume of nearly 13 million shares, versus the company's trailing daily average of about 6.1 million shares.
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