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HIMX

Himax

$8.01

-0.07 (-0.87%)

10:40
07/14/17
07/14
10:40
07/14/17
10:40

Himax criticizes downgrade as 'inaccurate,' 'misleading' and 'suspicious'

In a statement provided to The Fly, Himax said, "The management have not spoken to the analyst Andrew Uerkwitz from Oppenheimer for three months. Thus, we believe his report recently issued on July 14, 2017 is INACCURATE and MISLEADING. This report does not represent the fact of our company at all. Our business is not only on track but also rebounded strongly reflecting market share gain. We will report positively on the 2Q17 earnings call. We have begun shipping TDDI products and most importantly, WLO/DOE 3D scanning component shipping has begun in June, and will accelerate for the remainder of 2017. Both products will contribute significant upside to our top and bottom lines in 2017. We also expect to launch OLED shipment to major panel makers before end of 2017. Andrew Uerkwitz NEVER had target price for the stock. We question Andrew Uerwitz's intention to set up a low Target Price without facts, especially when Himax just declared dividend where investors only have one week to buy to get dividend. He chose this time to publish a negative report with a ridiculous Target Price without talking to Himax management on the day we announce our EC date is also suspicious. In addition, we also have not spoken to Rosenblatt analyst for more than three years, therefore we do not believe his report accurately describes the company."

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    Sep

HIMX Himax
$8.01

-0.07 (-0.87%)

05/11/17
LSCM
05/11/17
DOWNGRADE
LSCM
Hold
Himax downgraded to Hold from Buy at Lake Street
07/11/17
NORL
07/11/17
NO CHANGE
NORL
Outperform
Himax could see some near-term revenue weakness, says Northland
Northland analyst Tome Sepenzis said a number of Chinese handset OEM's have slowed down new ordering, particularly in the TDDI segment. The analyst believes there could be some near-term weakness in the small/medium driver business with a pick up later in the year. As a result, Sepenzi believes Himax could report June revenues in the low $150M range, versus consensus of $153M, with potential September guidance lower as well. If the stock weakens in the near-term, Sepenzis would use it as a buying opportunity and reiterates his Outperform rating and $10 price target on Himax.
07/14/17
OPCO
07/14/17
DOWNGRADE
OPCO
Underperform
Himax downgraded to Underperform from Perform at Oppenheimer
Oppenheimer analyst Andrew Uerkwitz downgraded Himax Technologies to Underperform with a $4 price target. Lowered smartphone expectations in China for 2017 will weigh on the company's near-term orders, Uerkwitz tells investors in a research note. The analyst believes a "smooth" turnaround for Himax's DDIC business is unlikely and notes his estimates for the company have been Street-low for some time.
07/14/17
07/14/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Snap (SNAP) downgraded to Market Perform from Outperform at Cowen with analyst John Blackledge lowering his 2017 and longer-term advertising revenue estimates for Snap to reflect a more competitive environment within Digital advertising. He also believes contribution from the company's new advertising monetization products like Direct Response and Self Serve are not likely to be meaningful in the near term. 2. CyberArk (CYBR) was downgraded to Equal Weight from Overweight at Stephens, to Hold from Buy at Deutsche Bank, and to Neutral from Overweight at JPMorgan. 3. At Home Group (HOME) downgraded to Neutral from Buy at Goldman Sachs with analyst Matthew Fassler citing valuation with the shares up 82% since his upgrade to Buy on November 30, 2016. 4. A10 Networks (ATEN) downgraded to Sector Weight from Overweight at KeyBanc with analyst Alex Kurtz citing "substantially" lower projected growth rates following the company's weaker than expected preliminary second quarter results. 5. Himax (HIMX) downgraded to Underperform from Perform at Oppenheimer with analyst Andrew Uerkwitz saying lowered smartphone expectations in China for 2017 will weigh on the company's near-term orders. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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HPE

HP Enterprise

$17.88

0.04 (0.22%)

19:23
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AAL

American Airlines

$50.61

-0.67 (-1.31%)

19:18
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American Airlines flight staff to sue airline over uniform illnesses, BI says »

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NCOM

National Commerce

$40.65

0.6 (1.50%)

18:33
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NCOM

National Commerce

$40.65

0.6 (1.50%)

18:32
07/25/17
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Earnings
National Commerce reports Q2 EPS 48c, consensus 47c »

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BIIB

Biogen

$282.96

-1.74 (-0.61%)

18:32
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07/25
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Biogen has reasonable valuation, great long term potential, Barron's says »

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FMBI

First Midwest

$23.63

0.33 (1.42%)

18:31
07/25/17
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Earnings
First Midwest reports Q2 adjusted EPS 35c, consensus 36c »

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WYNN

Wynn Resorts

$138.98

0.45 (0.32%)

, MGM

MGM Resorts

$34.27

0.28 (0.82%)

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Wynn Resorts

$138.98

0.45 (0.32%)

MGM

MGM Resorts

$34.27

0.28 (0.82%)

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TIME

Time Inc.

$14.30

0.1 (0.70%)

18:09
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Periodicals
Time Inc. looks into sale of Sunset, Golf magazines, Bloomberg reports »

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  • 08

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NWE

NorthWestern

$60.27

-0.16 (-0.26%)

18:04
07/25/17
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Earnings
NorthWestern reaffirms FY17 adjusted EPS view $3.30-$3.50, consensus $3.41 »

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NWE

NorthWestern

$60.27

-0.16 (-0.26%)

18:03
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Earnings
NorthWestern reports Q2 adjusted EPS 47c, consensus 62c »

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CHGG

Chegg

$14.25

0.03 (0.21%)

18:02
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Earnings
Chegg reports Q2 EPS 6c, consensus 4c »

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  • 25

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WNRL

Western Refining Logistics

$25.65

0.2 (0.79%)

18:00
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Western Refining Logistics raises quarterly distribution 3.3% to 46.75c per unit »

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BA

Boeing

$212.46

0.28 (0.13%)

17:55
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CZR

Caesars

$12.85

-0.05 (-0.39%)

, CACQ

Caesars Acquisition

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IRBT

iRobot

$87.90

-2.48 (-2.74%)

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TXN

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Chegg

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AMGN

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HESM

Hess Midstream Partners

$22.00

0.05 (0.23%)

17:39
07/25/17
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Hot Stocks
Hess Midstream Partners declares initial distribution of 27.03c »

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  • 27

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AMGN

Amgen

$180.90

-0.02 (-0.01%)

17:39
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USNA

USANA

$64.75

0.95 (1.49%)

17:37
07/25/17
07/25
17:37
07/25/17
17:37
Earnings
USANA cuts FY17 EPS view to $3.50-$3.70 from $3.80-$4.10, one est. $3.95 »

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  • 26

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FFIC

Flushing Financial

$28.40

0.24 (0.85%)

17:37
07/25/17
07/25
17:37
07/25/17
17:37
Earnings
Flushing Financial reports Q2 GAAP EPS 44c, consensus 41c »

Reports tangible book…

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USNA

USANA

$64.75

0.95 (1.49%)

17:36
07/25/17
07/25
17:36
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17:36
Earnings
USANA reports Q2 EPS ex-items 98c, consensus $1.15 »

Reports Q2 revenue…

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  • 26

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HT

Hersha Hospitality

$18.42

0.18 (0.99%)

17:34
07/25/17
07/25
17:34
07/25/17
17:34
Earnings
Breaking Earnings news story on Hersha Hospitality »

Hersha raises FY17…

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HT

Hersha Hospitality

$18.42

0.18 (0.99%)

17:33
07/25/17
07/25
17:33
07/25/17
17:33
Earnings
Hersha Hospitality reports Q2 EPS $1.75 may not compare with consensus 31c »

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