Share on StockTwits

OmniVision Technologies (NASDAQ:OVTI) Insider Howard E. Rhodes unloaded 25,394 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $21.77, for a total transaction of $552,827.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on OVTI. Analysts at Stephens downgraded shares of OmniVision Technologies from an “overweight” rating to an “equal weight” rating in a research note on Wednesday. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of OmniVision Technologies in a research note on Tuesday, June 17th. They now have a $26.00 price target on the stock, up previously from $24.00. Finally, 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.44.

OmniVision Technologies (NASDAQ:OVTI) traded down 0.86% during mid-day trading on Thursday, hitting $21.86. 836,628 shares of the company’s stock traded hands. OmniVision Technologies has a 1-year low of $13.55 and a 1-year high of $24.20. The stock has a 50-day moving average of $21.40 and a 200-day moving average of $18.08. The company has a market cap of $1.226 billion and a P/E ratio of 12.97.

OmniVision Technologies (NASDAQ:OVTI) last announced its earnings results on Thursday, May 29th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.31 earnings per share. OmniVision Technologies’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that OmniVision Technologies will post $1.60 earnings per share for the current fiscal year.

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.