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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."

  • 03

    Aug

  • 05

    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.

TODAY'S FREE FLY STORIES

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NFLX

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IBM

IBM

$146.41

-0.39 (-0.27%)

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General news
Treasury International Capital Foreign Demand for Long-Term U.S. Securities data reported »

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LLESY

Lendlease Group

$14.60

0.026 (0.18%)

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IBM

IBM

$146.40

-0.4 (-0.27%)

16:13
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Earnings
IBM backs FY17 adjusted EPS view of at least $13.80, consensus $13.75 »

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IBM

IBM

$146.43

-0.37 (-0.25%)

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IBM reports Q3 cloud revenues up 20% to $4.1B »

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IBM

IBM

$146.45

-0.35 (-0.24%)

16:12
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Earnings
IBM reports Q3 adjusted EPS $3.30, consensus $3.28 »

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COTY

Coty

$16.01

-0.82 (-4.87%)

16:12
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Initiation
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NTRS

Northern Trust

$91.10

-0.82 (-0.89%)

16:11
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  • 18

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LRCX

Lam Research

$194.55

2.19 (1.14%)

16:10
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Earnings
Lam Research sees Q2 EPS $3.65, +/- 12c, consensus $3.33 »

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  • 17

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CREE

Cree

$29.34

0.06 (0.20%)

16:10
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Earnings
Cree sees Q2 adjusted EPS (1c)-4c, consensus 7c »

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  • 17

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PTX

Pernix Therapeutics

$2.76

-0.05 (-1.78%)

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HUSA

Houston American Energy

$0.43

-0.0128 (-2.88%)

16:09
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Syndicate
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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

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Technical Analysis
Technical View: Select Comfort drops after earnings miss »

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  • 17

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

16:09
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HCSG

Healthcare Services

$54.37

-0.08 (-0.15%)

16:08
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Hot Stocks
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  • 06

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MOBL

MobileIron

$3.80

-0.1 (-2.56%)

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Hot Stocks
MobileIron CEO Barry Mainz to leave, Simon Biddiscombe to succeed »

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CHEF

Chefs' Warehouse

$20.75

0.2 (0.97%)

16:07
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Hot Stocks
Chefs' Warehouse announces resignation of CFO John Austin »

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

16:07
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Earnings
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LRCX

Lam Research

$194.32

1.95 (1.01%)

16:07
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Earnings
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  • 17

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

16:06
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HCSG

Healthcare Services

$54.37

-0.08 (-0.15%)

16:06
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Earnings
Healthcare Services reports Q3 EPS 31c, consensus 31c »

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  • 06

    Nov

CP

Canadian Pacific

$167.09

-1.375 (-0.82%)

16:06
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Earnings
Canadian Pacific sees FY17 EPS to grow in double-digits from prior year »

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  • 17

    Oct

SNPS

Synopsys

$83.72

-0.35 (-0.42%)

16:06
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Synopsys acquires Sidense Corporation, terms not disclosed »

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  • 18

    Oct

SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

16:06
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16:06
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Earnings
Select Comfort reports Q3 EPS 62c, consensus 68c »

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  • 17

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