UPDATE: Himax Technologies (HIMX): Cutting Estimates on Delays - Baird

December 1, 2016 6:35 AM EST
Get Alerts HIMX Hot Sheet
Price: $7.15 -0.28%

Rating Summary:
    10 Buy, 4 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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(Updated - December 1, 2016 6:41 AM EST)

Baird analyst, Tristan Gerra, lowered estimates but reiterated his Outperform rating on shares of Himax Technologies (NASDAQ: HIMX) after coming to the conclusion that unit momentum for AR devices industry-wide may not pan out until after 2017, due to high component costs, technology limitations, and a still-nascent ecosystem. Gerra said the longer-term outlook for AR devices remain very promising.

No change to the price target of $10. FY 2017 EPS goes from $0.50 to $0.40 and FY 2018 EPS goes from $0.75 to $0.60.

For an analyst ratings summary and ratings history on Himax Technologies click here. For more ratings news on Himax Technologies click here.

Shares of Himax Technologies closed at $7.37 yesterday.



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