LOL Fidelity had it as .8 out of 10.0 on their rating all 2013... Not until it hit over $10 did it move to the halfway point. The whole down leg is has been sitting at 9.0+. I don't put much credence in analyst ratings...
I took a small stake in GLUU (~4k shares) after the earnings report. Will do what you suggest this evening. Not much of a chartist (rudimentary at best) Which indicators should be overlaid?
A 50% move for HIMX in the next few weeks would surprise me (pleasantly). A move to 16 over several months does not. HIMX is best thought of as a year end 2016 stock. Plenty of time to ride the peaks and troughs.
As the company does better, the Div increases. ~70% of income is the average payout. Large tax benefit in Taiwan for paying it out. Expect the div for next year to be at least .30.. They will want to increase it (even if normally) if the growth kicks in.
Norm, there are 2 trading days left. We got one of the down days I expected yesterday. Prior to the release for Q2 I can't believe they won't at least take out any stop losses 1 more time. Despite the 2 upgrades.
The B of A upgrade increased target price from $7-$7.50. This was more of a CYA than anything else. At least they can say "We upped the price target" for a successful quarter and guidance, or "due to short term concerns we limited our guidance until these issues are resolved" if guidance is less than stellar.
Remember, everyone of these outfits was way behind (the target price) the rise up last year. They all piled on with higher than $15 targets after the fact and then reduced them.
It's all in the 20F for HIMX. Goog purchased a minority stake with the right to increase the % invested by Oct 22 2014. Goog did NOT purchase a stake in HIMX. It was in a subsidiary of HIMX, HDI. ~investment was $3.8M
Case in point.
Thomson Reuters/Verus downgrades GT ADVANCED TECHNOLOGIES INC from HOLD to SELL.BY Investars Analyst Actions - public
— 11:10 AM ET 08/05/2014
On August 5, 2014 Thomson Reuters/Verus downgraded GT ADVANCED TECHNOLOGIES INC (GTAT
) from HOLD to SELL.
Not that TR/V means anything. simply a data driven auto analyst. Meaning all done electronically with no actual analyst moderating the conclusion.
PXLW CEO is a deer in headlights
HIMX CEO is simply conservative to a fault
GTAT CEO is very crafty in his wording. He says plenty. But it must be inferred. He has delivered on his inferences so far. Still plenty of room for more hijinks' with GTAT share price in the next 6 months and I expect it to play out just as it did this quarter. This was not the quarter where definitive answers were presented. Overall, the guidance was excellent and EXTENDED more than the next 45 days...
No specific mentions of saphier on any devices. Just generalities regarding sapphire being purchased by Apple
If you want the estimate from the company, go to their website and confirm it in the investor relations area.
From the Q1 CC:
Non GAAP EPS(1) (2): 13.2 to 15.2 cents per diluted ADS, as compared to 11.7 cents of Q2 2013.
.14 is what the ANALYSTS have as a consensus target. (at least they did not flock to the .15 like they typically do)
babbeo, GTAT's report out also included higher than expected margins while GLUU's had lower margins. EPS is what drives stock price. Still uncertainty with GLUU.
I do, dropped the price for a while creating a good accumulation buy point. All the whining and gnashing of teeth over their "reports". Really? If people thought for more than a week out, they would learn, adjust their buying, and profit from periods like this.
Of course it can go the other way... Been there as well.
GTAT has businesses way outside the core strengths of APPLE. Besides, in essence, they did "buy" GTAT. The partnership sees to that. And it works both ways. Both sides have cards that can be dealt to protect their interests.
Apple is not a mfg. company. They outsource that and lock their suppliers in. buying their suppliers would amount to a massive headache for Apple.
He met the range of his guidance. -.16
Analysts had a concensus target of -.14 (high -.06 and low -.22). Similar to a HIMX "miss" in that regard.
Sales re-itterated in the lower side of his previous range (6-800M) now 6-700M.
EPS raised to the high end of his EPS range (Hmmm lower sales higher eps...) And a reiteration of TG's quote "EPS will be at least $1.50 in 2016.
While the quarter was as expected. GTAT guidance remained strong. Something that did not happen here. GTAT posts the full year range. Something I WISH HIMX would do. At least learn how to play the game and give us a range. If the last 3 months have taught them nothing, it's that even meeting expectations with low visibility to the remainder of the year will get punished.