Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) Receives Hold Rating From Lake Street Capital

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Dallas, Texas 05/29/2014 (FINANCIALSTRENDS) – Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has been covered by Lake Street Capital in the report that was issued to investors. The firm has now issued a rating of “hold” & a Pt of $7.50 on the stock. Recently, several other analysts have also commented on the company stock. Analysts at the Oppenheimer firm have axed their PT on the company shares from $13.00 to $10.00 in the research note on May 9th. They currently have set rating of “outperform” on the stock. Separately, the analysts at the Craig Hallum firm have axed the PT on HIMX shares Inc. to $10.00 in the research note on , May 8th.

Analyst speak

Finally, the analysts at the Chardan Capital firm have downgraded Himax Technologies shares from a rating of “neutral” to a rating of “sell” in the research note on May 8th. Currently, they have a Pt of $6.00 on the stock. Three research-analysts have now rated the company stock with a rating of “sell” and 3 have assigned a “hold” rating and 5 have set a rating of “buy” to the company. Currently, the company has the average –rating of “hold” and the set average PT is $11.55Himax Technologies, Inc.

Earnings report

Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) last released the company’s earnings report on Thursday, 8 May. It reported earnings per share of $0.09 for the quarter, which was in line with the average estimate of $0.09. It reported its revenue of $194.60M for the quarter, against the reported average projection of $194.20 million. In the same quarter of the earlier year, it had posted EPS of $0.09. Its quarterly revenue increased 10.8% on a YOY basis. The analysts now project that the company will be posting its EPS of in the present fiscal year. Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) operates as the IC design house that also has LCD manufacturing capability.