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Northland Capital: Himax Technologies "top pick for 2014"

  • Northland Capital's Tom Sepenzis: "We would be aggressively buying [Himax Technologies (HIMX +7.1%)] at these levels, as HIMX is our top pick for 2014."
  • The firm raises its PT to $15 from $12 on the back of higher revenue estimates given momentum in the company's small/medium display business and greater design-in activity in LCOS tech.
  • The firm also notes a number of new unannounced customers in the last month.
Comments (2)
  • mcp123
    , contributor
    Comments (11) | Send Message
     
    I see it going much higher than $15, that's just the start for HIMX! This is good news either way.
    16 Dec 2013, 03:10 PM Reply Like
  • haschultz
    , contributor
    Comments (675) | Send Message
     
    Look at the call options to see what the option buyer think as they invest their money:

     

    - March 2014 $19 Calls: 10,842 contacts (1,084,200 shares) last at $0.20

     

    - March 2014 $17 Calls: 5,534 contacts (553,400 shares) last at $0.34

     

    - June 2014 $18 Calls: 10,604 contracts (1,060,400 shares) last at $0.75

     

    - June 2014 $12 Calls: 11,580 contacts (1,158,000 shares) last at $2

     

    - Jan 2015 $15 Calls: 2,079 contracts (207,900 shares) bid $2.20

     

    - Jan 2015 $17 Calls: 2,663 contracts (266,300 shares) bid $1.85

     

    - Jan 2015 $20 Calls: 1,522 contacts (152,200 shares) last at $1.54

     

    That is a lot of money saying HIMX will be much higher in the future. And, as a HIMX bull, even I would be tempted to offer up my HIMX shares for $20 in Jan 2015 for $1.70 (total received would be $21.70 or very close to 80% just to buy the shares now and sell covered calls).
    17 Dec 2013, 01:17 AM Reply Like
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