OmniVision Technologies PT Raised to $29.00 at Craig Hallum (OVTI)
Analysts at Craig Hallum increased their price objective on shares of OmniVision Technologies (NASDAQ:OVTI) from $23.00 to $29.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. Craig Hallum’s price target would indicate a potential upside of 6.70% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer reiterated a “market perform” rating on shares of OmniVision Technologies in a research note on Friday. Separately, analysts at Wedbush reiterated a “neutral” rating on shares of OmniVision Technologies in a research note on Friday. They now have a $28.00 price target on the stock, up previously from $27.00. Finally, analysts at Robert W. Baird reiterated a “neutral” rating on shares of OmniVision Technologies in a research note on Friday. They now have a $27.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $23.99.
Shares of OmniVision Technologies (NASDAQ:OVTI) opened at 27.18 on Friday. OmniVision Technologies has a one year low of $13.55 and a one year high of $28.34. The stock has a 50-day moving average of $24.11 and a 200-day moving average of $20.45. The company has a market cap of $1.536 billion and a price-to-earnings ratio of 15.99.
OmniVision Technologies (NASDAQ:OVTI) last announced its earnings results on Thursday, August 28th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.39. The company had revenue of $406.50 million for the quarter, compared to the consensus estimate of $381.50 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 22.8% on a year-over-year basis. On average, analysts predict that OmniVision Technologies will post $1.62 earnings per share for the current fiscal year.
OmniVision Technologies, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
Receive News & Ratings for OmniVision Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OmniVision Technologies Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.