OmniVision Technologies (OVTI) Set to Announce Quarterly Earnings on Thursday
OmniVision Technologies (NASDAQ:OVTI) will issue its Q115 quarterly earnings data on Thursday, August 28th. Analysts expect the company to announce earnings of $0.52 per share and revenue of $381.50 million for the quarter.
OmniVision Technologies (NASDAQ:OVTI) opened at 26.89 on Wednesday. OmniVision Technologies has a 52-week low of $13.55 and a 52-week high of $28.34. The stock has a 50-day moving average of $23.81 and a 200-day moving average of $20.35. The company has a market cap of $1.520 billion and a P/E ratio of 15.88.
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. On a related note, 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. OmniVision Technologies currently has an average rating of “Hold” and an average target price of $21.43.
OmniVision Technologies, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
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