Share on StockTwits

OmniVision Technologies (NASDAQ:OVTI) Insider Howard E. Rhodes sold 26,851 shares of OmniVision Technologies stock on the open market in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $22.07, for a total transaction of $592,601.57. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of OmniVision Technologies (NASDAQ:OVTI) traded up 3.93% during mid-day trading on Thursday, hitting $22.46. 827,616 shares of the company’s stock traded hands. OmniVision Technologies has a one year low of $13.55 and a one year high of $24.20. The stock’s 50-day moving average is $21.82 and its 200-day moving average is $18.31. The company has a market cap of $1.260 billion and a P/E ratio of 12.71.

OmniVision Technologies (NASDAQ:OVTI) last announced its earnings results 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 $1.55 earnings per share for the current fiscal year.

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, June 25th. 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.44.

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.