Share on StockTwits

OmniVision Technologies (NASDAQ:OVTI) VP Aurelio Cisneros sold 30,503 shares of OmniVision Technologies stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $22.10, for a total value of $674,116.30. Following the sale, the vice president now directly owns 8,688 shares of the company’s stock, valued at approximately $192,005. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of OmniVision Technologies (NASDAQ:OVTI) traded up 1.10% during mid-day trading on Thursday, hitting $22.605. 1,146,637 shares of the company’s stock traded hands. OmniVision Technologies has a one year low of $13.55 and a one year high of $23.08. The stock’s 50-day moving average is $19.68 and its 200-day moving average is $17.22. The company has a market cap of $1.268 billion and a P/E ratio of 13.15.

OmniVision Technologies (NASDAQ:OVTI) last posted its quarterly earnings results 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 $1.56 earnings per share for the current fiscal year.

A number of research firms have recently commented on OVTI. Analysts at JPMorgan Chase & Co. raised their price target on shares of OmniVision Technologies from $22.00 to $24.00 in a research note on Friday, May 30th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of OmniVision Technologies in a research note on Friday, May 30th. They now have a $24.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of OmniVision Technologies to $23.00 in a research note on Friday, May 30th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. OmniVision Technologies currently has a consensus rating of “Hold” and an average price target of $22.26.

OmniVision Technologies, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.