OmniVision Technologies Price Target Increased to $27.00 by Analysts at Robert W. Baird (OVTI)
Robert W. Baird raised their price target on shares of OmniVision Technologies (NASDAQ:OVTI) from $20.00 to $27.00 in a research note issued on Friday. Robert W. Baird’s target price would indicate a potential upside of 34.06% from the company’s current price.
Shares of OmniVision Technologies (NASDAQ:OVTI) opened at 20.14 on Friday. OmniVision Technologies has a 52-week low of $13.55 and a 52-week high of $20.48. The stock has a 50-day moving average of $19.20 and a 200-day moving average of $16.98. The company has a market cap of $1.128 billion and a P/E ratio of 12.82.
OmniVision Technologies (NASDAQ:OVTI) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.13. The company had revenue of $331.00 million for the quarter, compared to the consensus estimate of $292.11 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that OmniVision Technologies will post $2.10 earnings per share for the current fiscal year.
A number of other firms have also recently commented on OVTI. Analysts at TheStreet upgraded shares of OmniVision Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. Analysts at Zacks upgraded shares of OmniVision Technologies from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 20th. They now have a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $20.78.
OmniVision Technologies, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
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