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Himax Technologies, Inc. Message Board

  • andrsncw andrsncw Apr 15, 2014 9:17 AM Flag

    price drop reason

    Today, only a month after raising his target price for Himax Technologies (March 10), Northland Capital Markets analyst Tom Sepenzis changed his mind and lowered his price target from $20 to $15, “as a large South Korean customer has pulled display driver orders for the remainder of the year.”

    Sentiment: Hold

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    • “IF” there’s any truth to this story can we assume that “selective disclosure of material nonpublic information by HIMX was released to a selective group”. I’m guessing their compliance officer wouldn’t allow it, so there’s something about the story that’s not completely true or right IMO.

      Regulation FD (Fair Disclosure) is a new issuer disclosure rule that addresses selective disclosure. The regulation provides that when an issuer, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the issuer's securities who may well trade on the basis of the information), it must make public disclosure of that information. The timing of the required public disclosure depends on whether the selective disclosure was intentional or non-intentional; for an intentional selective disclosure, the issuer must make public disclosure simultaneously; for a non-intentional disclosure, the issuer must make public disclosure promptly. Under the regulation, the required public disclosure may be made by filing or furnishing a Form 8-K, or by another method or combination of methods that is reasonably designed to effect broad, non-exclusionary distribution of the information to the public.

      Sentiment: Buy

    • Why don't they name the customer that they lost? The reason is they don't know. Why would you believe this to be true? Use logic when you read an article with no basis.

    • if a S Korea company cancelled orders where is the press release? if it was just given as non-public info, trading on that should be illegal. lawsuit coming?? John

 
HIMX
10.730.00(0.00%)Sep 23 4:00 PMEDT