Top brass at Himax Technologies, Inc (NASDAQ:HIMX) are buoyant
Oppenheimer had a meeting with Himax Technologies, Inc (NASDAQ:HIMX)’s management. They have declared that the management has become more bullish over the past fortnight. The management has reported that the Google-Glass win has led to a notable interest in its own LCOS micro-display solutions and that many other companies have shown an interest in it.
A couple of weeks ago, Oppenheimer had upped its price target for Himax Technologies, Inc (NASDAQ:HIMX) from $9.00 to $12.00. They had also lauded the company’s better than expected outlook for its LCOS business. The note that had been issued by Oppenheimer came on the heels of the one that had been issued by Craig-Hallum.
In Wednesday’s trading, Himax Technologies, Inc (NASDAQ:HIMX) stock rose by 6.75%. The opening price of the stock was $9.41 which touched an intraday high of $9.77 and closed at $9.73. Approximately 21.56 million shares were bought and sold and the average volume of shares traded over a 30 day period was 10.77 million. The company has a market cap of $1.65 billion.
About the company
Himax Technologies, Inc (NASDAQ:HIMX) came into existence on 26 April 2005. It is involved in designing, developing and marketing semiconductors that are key components of flat-panel displays. Its primary products are display-drivers for large-sized, thin-film transistor liquid-crystal display panels. These are mainly used in desktop-monitors, notebook-computers and TV’s. The company also manufactures display-drivers for small as well as medium-sized TFT-LCD panels.
These are mainly used in mobiles and other consumer electronics products like tablet PC’s, digital cameras, mobile-gaming devices, portable-digital versatile disc players, digital-photo frame as well as in car navigation displays. Himax Technologies, Inc (NASDAQ:HIMX) also offers display-drivers that use LTPS technology and OLED technology and. It works very closely with optical engine manufacturers, camera module manufacturers, and television-system manufacturers for different non-driver products.