Himax (HIMX +11.2%) finishes with a big gain after Chardan Capital argues the LCD driver...

|About: Himax Technologies, Inc. (HIMX)|By:, SA News Editor

Himax (HIMX +11.2%) finishes with a big gain after Chardan Capital argues the LCD driver IC/microdisplay vendor's selloff is overdone. The firm notes concerns about Chinese LCD TV subsidy expirations have been pressuring shares (a stock offering also hasn't helped), and does state checks indicate OEMs are paring shipments on expectations of a 2H slowdown. But it doesn't think Himax's Q2 shipments were affected, and thinks (in-line with a Digitimes report) strong Chinese smartphone demand is boosting sales. Chardan believes Q2 revenue could hit the high end of a guidance range for 17%-20% Q/Q growth, putting it above consensus.