OmniVision Technologies Sets New 52-Week High at $24.26 (OVTI)
OmniVision Technologies (NASDAQ:OVTI) shares hit a new 52-week high during trading on Monday , American Banking News.com reports. The company traded as high as $24.26 and last traded at $24.07, with a volume of 896,687 shares traded. The stock had previously closed at $23.06.
A number of research firms have recently commented on OVTI. Analysts at Zacks reiterated an “outperform” rating on shares of OmniVision Technologies in a research note on Friday, July 18th. They now have a $26.00 price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $22.62.
The stock’s 50-day moving average is $22.42 and its 200-day moving average is $19.31. The company has a market cap of $1.360 billion and a price-to-earnings ratio of 13.56.
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 $1.60 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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