OmniVision Technologies Upgraded to “Outperform” at Northland Securities (OVTI)
OmniVision Technologies (NASDAQ:OVTI) was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday. The firm currently has a $28.00 target price on the stock, up from their previous target price of $21.00. Northland Securities’ price target points to a potential upside of 39.03% from the company’s current price.
OVTI has been the subject of a number of other recent research reports. Analysts at Raymond James downgraded shares of OmniVision Technologies from a “market perform” rating to an “underperform” rating in a research note on Friday. Separately, analysts at Robert W. Baird raised their price target on shares of OmniVision Technologies from $20.00 to $27.00 in a research note on Friday. Finally, analysts at TheStreet upgraded shares of OmniVision Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.56.
OmniVision Technologies (NASDAQ:OVTI) opened at 20.14 on Friday. OmniVision Technologies has a 1-year low of $13.55 and a 1-year 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 price-to-earnings ratio of 12.82.
OmniVision Technologies (NASDAQ:OVTI) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue 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.
OmniVision Technologies, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
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