Himax Technologies (HIMX) Buy Rating Reiterated at Topeka

Topeka Capital maintained a Buy rating on Himax Technologies (NASDAQ: HIMX) with a price target of $10. Analyst Suji De Silva said growth guidance reaffirms opportunity.

"HIMX reported 2Q14 results with revenue and EPS largely in-line with consensus. While the quarter came in as expected, we believe growth opportunities are healthy across all Company segments, with guidance for 10+% QoQ revenue growth and steady/improving margins in 3Q14 reaffirming our investment thesis. We remain constructive on growth opportunities, with large panel benefitting from UltraHD upgrades, small/medium benefitting from lead customer recovery and non-driver positioned for growth from multiple emerging product lines. We maintain our price target of $10 and our Buy rating," said De Silva.

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 $6.99 yesterday.

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