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.

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Shares of Himax Technologies closed at $6.99 yesterday.