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Himax Technologies, Inc. Message Board

  • dalton880 dalton880 Sep 6, 2013 3:27 PM Flag

    Understandable correction, but don't forget

    the Oppenheimer analyst estimate for $.78 for 2014, and $12 target that came out yesterday. Important to note, as it was the first upped estimate since the Google news about investiming in Himax display division. Also if other analysts up their estimates as well, I think $8 will likely be the new low. Here is news from yesterday...

    " Oppenheimer raises their HIMX tgt to $12 from $9 based on a more upbeat 2014 outlook for its LCoS products. Their 2014E non-GAAP EPS per ADR share is raised from $0.61 to $0.78. The change reflects their higher growth expectations for HIMX's non-display business, most notably the LCoS (liquid crystal on silicon) products. Their revised LCoS shipment estimates are driven by their more bullish outlook for Google Glass and other wearable electronics in 2014. At the same time, they also lower projected revenues from large-size display driver ICs to reflect a cautious view on the TV market. "

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    • The Craig Hallum firm actually raised their guidance and price target a day before Oppenheimer so we have two investment firms increasing guidance and price targets.

      It is interesting that they both did this the week before the investor's conferences. I wonder if we get more upgrades after the conferences.

      I also don't doubt that some of the buying was from those who will be attending the conferences hoping to benefit from any post conference bounce.

      The September Investor's Presention on HIMX website is really well done. HIMX is also offering to meet with the institutions "one on one".

    • Today was just some hot money walking out the door. It will likely be back soon and the roller coaster ride will continue.

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