Oppenheimer Sidelined on Himax (HIMX); Says Q3 Results Mixed, Margins Need Improvement

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Baird Initiates Himax Technologies (HIMX) at Outperform; Pure Play in Augmented Reality and AMOLED Displays

November 12, 2015 5:34 PM EST

After the close, Baird initiated research coverage on Himax Technologies (NASDAQ: HIMX) with a Outperform rating and a price target of $9.00, suggesting 46% upside to Thursday's close.

Analyst Tristan Gerra called Himax a pure play on "emerging consumer growth themes including Augmented Reality (AR) and AMOLED displays, along with growth segments including multi-lens optics (array cameras, AR), CMOS image sensors... More

Baird Starts Himax Technologies (HIMX) at Outperform

November 12, 2015 5:30 PM EST

Baird initiated coverage on Himax Technologies (NASDAQ: HIMX) with an Outperform rating and a price target of $9.00.

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 $6.11 yesterday.

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Himax Technologies (HIMX) Reports In-Line Q3 EPS; Issues Business Update

November 12, 2015 6:17 AM EST

Himax Technologies (NASDAQ: HIMX) reported Q3 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $165.6 million versus the consensus estimate of $156.79 million.

Business Updates

The past three quarters have been marked by macro uncertainties and soft demand across consumer electronics in general. Amidst the unfavorable market environment, Himax continues to solidify its leading position through technology advancement and customer engagement. In the meantime, the Company is still working closely with top tier partners in developing products which are exploring new frontiers of... More