Chardan Capital Markets downgrades Himax Technologies (NASDAQ: HIMX) from Buy to Neutral. Price target $4.
Chardan analyst says, "...Our checks suggest that while monitor and LCD TV demand remains robust, HIMX's end customers are unable to meet demand due to component shortages. As such, we believe HIMX could report Q1:10 revenues at low end of guidance of flat to slightly up from..."
To see all the upgrades/downgrades on shares of HIMX, visit our Analyst Ratings page.
Himax Technologies, Inc (Himax) is a holding company that operates through its wholly owned subsidiary, Himax Technologies Limited (Himax Taiwan).