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

0
1115

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.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.