O2Micro International Limited (NASDAQ:OIIM) Forecasted to Earn Q3 2017 Earnings of ($0.01) Per Share
O2Micro International Limited (NASDAQ:OIIM) – Investment analysts at Zacks Investment Research dropped their Q3 2017 earnings estimates for shares of O2Micro International Limited in a report released on Monday. Zacks Investment Research analyst L. Thompson now expects that the electronics maker will earn ($0.01) per share for the quarter, down from their prior forecast of $0.01.
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Shares of O2Micro International Limited (OIIM) opened at 1.69 on Thursday. The stock’s market capitalization is $43.77 million. The company’s 50-day moving average is $1.85 and its 200-day moving average is $2.16. O2Micro International Limited has a 12 month low of $1.56 and a 12 month high of $2.80.
O2Micro International Limited (NASDAQ:OIIM) last announced its quarterly earnings results on Thursday, August 3rd. The electronics maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. O2Micro International Limited had a negative net margin of 2.59% and a positive return on equity of 0.01%. The firm had revenue of $14.51 million during the quarter, compared to analysts’ expectations of $15.07 million. During the same period in the prior year, the company earned ($0.06) EPS. The firm’s revenue was up 9.8% on a year-over-year basis.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in O2Micro International Limited during the fourth quarter worth $321,000. Essex Investment Management Co. LLC increased its position in O2Micro International Limited by 253.7% in the first quarter. Essex Investment Management Co. LLC now owns 239,230 shares of the electronics maker’s stock worth $548,000 after buying an additional 171,598 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in O2Micro International Limited by 1.4% in the first quarter. Renaissance Technologies LLC now owns 2,061,000 shares of the electronics maker’s stock worth $4,720,000 after buying an additional 27,700 shares in the last quarter. Institutional investors and hedge funds own 39.12% of the company’s stock.
O2Micro International Limited Company Profile
O2Micro International Limited designs, develops and markets power management components for the Computer, Consumer, Industrial, Automotive and Communications markets. The Company’s power management products include integrated circuits (ICs) for liquid crystal display (LCD) and light emitting diode (LED) lighting; control and monitoring of battery charging and discharging; direct current (DC)/DC and alternating current (AC)/DC conversion, and provide select and switch functionality between power sources.
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