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Fly News Breaks for May 12, 2016
HIMX
May 12, 2016 | 14:48 EDT
Craig-Hallum analyst Anthony Stoss attributes the weakness in shares of Himax (HIMX) to confusion caused by the CEO's statement that there will be "no major volume VR/AR launches this year." However, he reads "no major volume" to mean nothing in "millions of units," but said that expectations for a ramp in Microsoft's (MSFT) HoloLens in the area of "hundreds of thousands of units" remain unchanged. The firm keeps a Buy rating and $14 price target on Himax and recommends using the dip in the stock as a buying opportunity.
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