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Shares of OmniVision Technologies (NASDAQ:OVTI) have earned an average rating of “Hold” from the sixteen analysts that are presently covering the company, Stock Ratings Network reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $21.43.

OmniVision Technologies (NASDAQ:OVTI) opened at 27.18 on Monday. 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 $24.11 and its 200-day moving average is $20.45. The company has a market cap of $1.536 billion and a P/E ratio of 15.99.

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

Several analysts have recently commented on the stock. 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, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.

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