OmniVision Technologies’s “Market Perform” Rating Reiterated at Oppenheimer (OVTI)
OmniVision Technologies (NASDAQ:OVTI) opened at 27.18 on Friday. 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 $24.11 and a 200-day moving average of $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 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.55 earnings per share. OmniVision Technologies’s revenue was up 22.8% compared to the same quarter last year. Analysts expect that OmniVision Technologies will post $1.62 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Raymond James upgraded shares of OmniVision Technologies from an “underperform” rating to a “market perform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.77.
OmniVision Technologies, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
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