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HIMX

Himax

$4.70 /

+0.025 (+0.54%)

05:59
02/13/20
02/13
05:59
02/13/20
05:59

Himax sees strength in Q1 accelerating into Q2, rest of FY20

"When Himax hosted its third quarter earnings call this past November, the company was facing trends in the marketplace that created headwinds for the company. Specifically, at that time the company's performance and forecast reflected challenges Himax faced in its smartphone TDDI business. This was exacerbated by an oversupply of capacity in the LCD industry that negatively impacted its display driver IC sales and margin. As a result, the company's overall sales and outlook were weak. Since that time, the company has started to see major turnaround in literally all aspects of its businesses and is seeing strength across all major product lines for the first quarter. The strength the company is seeing in Q1 is expected to accelerate into Q2 and throughout the rest of 2020."

  • 13

    Feb

HIMX Himax
$4.70 /

+0.025 (+0.54%)

01/31/20 Lake Street
Himax upgraded to Buy from Hold at Lake Street
01/06/20 Credit Suisse
Himax upgraded to Neutral from Underperform at Credit Suisse
09/17/19 Lake Street
Himax price target lowered to $2.50 from $3 at Lake Street
08/09/19 Credit Suisse
Himax downgraded to Underperform from Neutral at Credit Suisse

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