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

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.
Comments (2)
  • slcUTAH
    , contributor
    Comments (537) | Send Message
     
    BAM! Good day today. Patience, patience, patience.

     

    -Cheers.
    26 Jun 2013, 04:57 PM Reply Like
  • Aaron.Rhodes
    , contributor
    Comments (256) | Send Message
     
    Next two weeks should be good! Probably as volatile as ever though.
    26 Jun 2013, 11:55 PM Reply Like
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