11 Best Consumer Electronics Stocks to Invest in Now

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5. Himax Technologies Inc. (NASDAQ:HIMX)

Number of Hedge Fund Holders: 15

Himax Technologies Inc. (NASDAQ:HIMX) is a fabless semiconductor company that specializes in display technologies that power many consumer electronics. It provides essential components like display driver ICs and timing controllers for smartphones, tablets, laptops, and TVs. It also develops innovative solutions for emerging technologies, such as AMOLED displays and touch controllers, enhancing the user experience across a range of devices.

TF International Securities analyst Ming-Chi Kuo predicted strong growth for the company on January 22. This sentiment was driven due to its exclusive supply of micro-lens arrays for TSMC’s AI-focused COUPE FAUs. These COUPE FAUs (Front-End-of-Line Assembly and Test) are a key technology for advanced AI and computing. The company’s revenue is projected to surge from $1.16 billion in 2026 to $2.4 billion by 2028, with EPS rising from $1.00 to $3.40. Himax Technologies Inc. (NASDAQ:HIMX) will exclusively supply arrays for the first and second-generation COUPE, with mass production starting in H2 2026.

However, in Q3 2024, the consumer electronics segment played a significant role in the company’s growth, particularly in the areas of tablets and smartphones. Tablet sales exceeded guidance due to rush orders from leading end customers, while smartphone sales experienced a decent double-digit sequential increase driven by new product launches from leading phone makers. New product launches and technological advancements in these markets help Himax Technologies Inc. (NASDAQ:HIMX) develop innovative solutions and grow in its market. It is actively developing next-generation OLED Tcon ICs for tablets, notebooks, and automotive applications.

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