Himax Technologies, Inc. Reports Third Quarter 2017 Financial Results and Provides Fourth Quarter 2017 Guidance

Nomura Maintains Bullish View on Himax (HIMX) Post Q3

Nomura/Instinet analyst Donnie Teng reiterated a Buy rating and $12 price target on Himax Technologies (NASDAQ: HIMX) following Q3 results that were ahead of expectations, while Q4 missed across the board.

Teng said while historically the weaker DDI business has had a... More

Himax Technologies (HIMX) PT Raised to $11 at Baird

Baird analyst Tristan Gerra raised his price target on Himax Technologies (NASDAQ: HIMX) to $11.00 (from $10.00) while maintaining an Outperform rating following results.

Gerra said stronger-than-expected demand for the iPhone X will likely accelerate 3D sensing projects at other smartphone OEMs.

In addition, he... More

Rosenblatt Remains Cautious on Himax (HIMX) Post Q3

Rosenblatt analyst Jun Zhang reiterated a Sell rating and $6 price target on Himax Technologies (NASDAQ: HIMX) following results. Zhang notes 3D sensing has a long way to go.

Zhang highlights the one-time $13.3 million reimbursement in Q3. He notes on the last conference call,... More

Himax Technologies (HIMX) Tops Q3 EPS by 1c; Guides Q4 EPS Above Views

Himax Technologies (NASDAQ: HIMX) reported Q3 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $197.1 million versus the consensus estimate of $192.42 million.

GUIDANCE:

Himax Technologies sees Q4 2017 EPS of $0.13-$0.15, versus the consensus of $0.10. Revenue to Decline 4% to 10% Sequentially, Gross Margin to Decline 1% Sequentially.

Despite the decline in the first half in our business, we delivered solid results in the third quarter, achieving both top and bottom line growth across all three major product categories.... More