- Following checks, Chardan Capital thinks Himax (NASDAQ:HIMX) is supplying LCoS microdisplays for Microsoft's HoloLens augmented reality headset, with 2x as much content as it has for Google Glass. It also states checks indicate Microsoft (NASDAQ:MSFT) will announce HoloLens' availability later this month; no formal launch date has been given yet.
- The firm has upgraded Himax to Buy from Sell - it downgraded to Sell on May 29, when Himax was at $6.30 - and hiked its target all the way to $13 from $4.
- Himax has risen to $8.15 premarket. Shares jumped in January when Microsoft originally unveiled HoloLens. The headset's display tech hasn't yet been officially announced.
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Update: More details here. Chardan's Jay Srivatsa: "If the timeline of MSFT's [HoloLens] introduction is consistent with our checks, we could expect HIMX to begin modest ramp in Q3:15 and more so in Q4:15 with full production in FY:2016." He sees a $20M-$30M 2H15 revenue opportunity, and an $80M-$120M 2016 opportunity.