Oppenheimer Maintains Perform Rating on Himax Technologies (HIMX) Following 1Q Miss; 'Lowering Numbers as Weakness Lingers in Core Business'
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Lake Street Capital Markets Downgrades Himax Technologies (HIMX) to Hold
May 12, 2017 9:20 AM EDTLake Street Capital Markets downgraded Himax Technologies (NASDAQ: HIMX) from Buy to Hold with a price target of $7.50.
For an analyst ratings summary and ratings history on Himax Technologies click here. For more ratings news on Himax Technologies click here.
Shares of Himax Technologies closed at $7.25 yesterday.
... MoreHimax Technologies (HIMX) PT Lowered to $6 at Baird on 1Q Miss; 'Core Business Challenges and Potential 3D Setback'
May 11, 2017 3:24 PM EDTBaird lowered its price target on Himax Technologies (NASDAQ: HIMX) to $6.00 (from $7.00) while maintaining a Neutral rating, following the company's first quarter earnings report.
Analyst Tristan Gerra notes the company produced first quarter earnings per share and revenue results below the Street's... More
Himax Technologies (HIMX) Misses Q1 EPS by 2c; Guides Below Views
May 11, 2017 6:03 AM EDTHimax Technologies (NASDAQ: HIMX) reported Q1 EPS of $0.01, $0.02 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $155.2 million versus the consensus estimate of $162.1 million.
GUIDANCE:
Himax Technologies sees Q2 2017 EPS of ($0.01)-$0.00, versus the consensus of $0.05. Revenues to be down around 5.0% to flat sequentially, versus consensus of up sequentially.
Our first quarter revenue, gross margin and GAAP earnings per diluted ADS all met our guidance previously issued on February 16th, said Mr. Jordan Wu, President and Chief Executive Officer of Himax. The decline in... More
