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Fly News Breaks for November 11, 2016
HIMX
Nov 11, 2016 | 08:33 EDT
Roth Capital analyst Suji Desilva believes Himax represents a differentiated investment opportunity as a diversified display and sensor semiconductor vendor. The analyst says newer Himax products can participate in growth of Internet of Things device categories such as augmented reality and virtual reality head-mounted devices. Despite guidance reflecting typical seasonal declines and non-driver revenue ramp pushed out a few quarters, Desilva remains comfortable with the company's core driver position and intermediate-term growth opportunity. He reiterates a Buy rating and $10 price target on the shares.
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