On Tuesday, analysts at Oppenheimer raised the price target on shares of Himax Technologies Inc. ADR HIMX to $11 from $8 and reiterated the Outperform rating.
Andrew Uerkwitz feels the company’s past troubles are over and Himax is once again demonstrating growth. Uerkwitz stated, “We believe the company is back on track and gaining market share across the small/ medium/large panel segments. More importantly, interest in its growth drivers—microdisplays/array technology may be picking up.”
Shares of Himax Technologies recently traded at $10.25 up 4.3 percent
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