Himax Technologies, Inc. announced that its Board of Directors has approved a share buyback program, authorizing the company to repurchase up to $20 million of its American Depository Shares (ADSs). The program takes effect immediately.
The company stated that this share buyback program underscores its commitment to enhancing shareholder value and confidence in Himax’s market leadership and long-term growth prospects. This includes key areas such as automotive, AI, WLO, and OLED.
Since its IPO in 2006, Himax has returned over one billion dollars to shareholders through buybacks and dividends. The program does not obligate Himax to repurchase any specific amount of ADSs and may be modified or suspended at the company’s discretion.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.