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Wednesday, Sep 18
New highs for Himax, Oppenheimer reports of broader LCOS interest
- After meeting with Himax's (HIMX +5%) management, Oppenheimer declares management's tone has become even more bullish over the last two weeks, and reports the Google Glass design win has led to "significant" interest in Himax's LCOS microdisplay solutions from other firms.
- Two weeks ago, Oppenheimer lifted its Himax PT to $12 from $9, and gushed over a better-than-expected outlook for the LCOS business. The note followed a similar one from Craig-Hallum.
- Shares have made new highs, and are now up nearly 4x YTD.