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Shares of OmniVision Technologies (NASDAQ:OVTI) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the company, ARN reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $21.43.

A number of analysts have recently weighed in on OVTI shares. Analysts at S&P Equity Research reiterated a “buy” rating on shares of OmniVision Technologies in a research note on Friday, August 15th. They now have a $8.92 price target on the stock, down previously from $15.07. They noted that the move was a valuation call. Separately, analysts at Robert W. Baird downgraded shares of OmniVision Technologies from an “outperform” rating to a “neutral” rating in a research note on Friday, August 15th. They now have a $27.00 price target on the stock. Finally, analysts at Needham & Company LLC reiterated a “fair value” rating on shares of OmniVision Technologies in a research note on Thursday, August 14th.

OmniVision Technologies (NASDAQ:OVTI) traded up 0.22% on Monday, hitting $27.30. 152,490 shares of the company’s stock traded hands. 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 $23.58 and its 200-day moving average is $20.10. The company has a market cap of $1.543 billion and a P/E ratio of 16.02.

OmniVision Technologies (NASDAQ:OVTI) last announced its earnings results on Thursday, May 29th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue 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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