Form 6-K Himax Technologies, Inc. For: Nov 13

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Go back to Form 6-K Himax Technologies, Inc. For: Nov 13

Himax (HIMX) Remains Sell-Rated at Chardan; Focus on Small, Large Panels Will Pressure Growth

November 13, 2014 10:38 AM EST

Chardan Capital maintains Himax Technologies (Nasdaq: HIMX) at Sell with a $5 price target following Q3 results.

Analyst Jay Srivatsa offered the following observations following results:

Seasonality and capacity constraints puts Q4:14 guidance well below consensus. In our preview note on Nov 10, we projected HIMX revenue guidance could be shy of consensus. The company guided for revenues to be flat to up slightly from $222 million in Q3:14 and expects gross margins to decline by ~1% sequentially with non-GAAP EPS expected to be $0.08 to $0.095 in Q4:14. Street consensus stood at revenues of $238... More

Himax Technologies (HIMX) Posts In-Line Q3 EPS; Guides Q4, FY14 EPS

November 13, 2014 6:26 AM EST

Himax Technologies (NASDAQ: HIMX) reported Q3 EPS of $0.11, compared with the analyst estimate of $0.11. Revenue for the quarter came in at $222.3 million versus the consensus estimate of $224.7 million.

"We are pleased to report that our 2014 third quarter revenues, gross margin, GAAP and non-GAAP earnings per diluted ADS all met our guidance for the quarter," stated Mr. Jordan Wu,... More