Share on StockTwits

OmniVision Technologies (NASDAQ:OVTI)‘s stock had its “buy” rating reaffirmed by research analysts at S&P Equity Research in a report released on Friday. They currently have a $8.92 price objective on the stock, down from their previous price objective of $15.07. S&P Equity Research’s price objective indicates a potential downside of 68.47% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other firms have also recently commented on OVTI. Analysts at Robert W. Baird downgraded shares of OmniVision Technologies from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $27.00 price target on the stock. Separately, analysts at Needham & Company LLC reiterated a “fair value” rating on shares of OmniVision Technologies in a research note on Thursday. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine 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 a consensus target price of $21.43.

OmniVision Technologies (NASDAQ:OVTI) traded down 4.28% during mid-day trading on Friday, hitting $27.08. The stock had a trading volume of 1,742,208 shares. OmniVision Technologies has a 1-year low of $13.55 and a 1-year 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 $1.530 billion and a P/E ratio of 16.64.

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. Analysts expect that OmniVision Technologies will post $1.60 EPS 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.