Baird lowered the firm’s price target on Himax to $8 from $10 and keeps an Outperform rating on the shares. The firm said weakening macro and automotive slowdown likely represent offsets to a cyclical recovery in the display driver IC supply chain, even as pricing has stabilized.
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Read More on HIMX:
- Himax Technologies, Inc. Reports Third Quarter 2023 Financial Results; Provides Fourth Quarter 2023 Guidance
- HIMX Earnings this Week: How Will it Perform?
- Himax enters MOU with Nexchip Semiconductor for supply of ICs
- Himax and Nexchip Forge Strategic Alliance Cultivating Global Automotive Display Market
- Himax Technologies, Inc. Schedules Third Quarter 2023 Financial Results Conference Call on Thursday, November 9 at 8:00 AM EST
