Himax price target raised to $11 from $8 at Northland Northland believes Himax's core business is recovering quickly following the Samsung revenue decline and the potential loss of Google as a LCOS customer. The firm upped its price target for shares to $11 from $8 and keeps an Outperform rating on the stock.
Himax may be back in with Google, buy shares, says Northland Northland said Google (GOOG) has finished testing the Samsung OLED displays and have determined they are not bright enough. The analyst believes Google will go back to Himax (HIMX). Google has the option to invest in HIMX by October 21, which the firm believes they will do if they go back to them for displays. Norhtland recommends buying shares aggressively into an expected strong September quarter.