Share on StockTwits

OmniVision Technologies (NASDAQ:OVTI) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Friday. They currently have a $27.00 price target on the stock. Robert W. Baird’s price objective points to a potential upside of 9.76% from the company’s current price.

Shares of OmniVision Technologies (NASDAQ:OVTI) opened at 28.29 on Friday. OmniVision Technologies has a 52 week low of $13.55 and a 52 week high of $28.34. The stock’s 50-day moving average is $22.67 and its 200-day moving average is $19.57. The company has a market cap of $1.599 billion and a P/E ratio of 14.47.

OmniVision Technologies (NASDAQ:OVTI) last released its earnings data 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.

OVTI has been the subject of a number of other recent research reports. Analysts at Needham & Company LLC reiterated a “fair value” rating on shares of OmniVision Technologies in a research note on Thursday. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.68.

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.