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Himax Slips as Northland Slashes Microsoft ‘HoloLens’ Estimates

Shares of display technology vendor Himax Technologies (HIMX) predawn 25 cents, or almost 3%, at $8.50, after Northland Capital Markets’s Tom Sepenzis this morning warned the stock has "little chance of a positive catalyst until the second half of CY17” given a sharp drop-off in revenue from Microsoft’s (MSFT) “HoloLens” device for augmented reality. Sepenzis maintains his Outperform rating on the shares, and his $12 price target, as the thinks Himax "remains well positioned longer term.
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