O2Micro International Limited (OIIM) Given “Hold” Rating at Northland Securities
O2Micro International Limited (NASDAQ:OIIM)‘s stock had its “hold” rating reissued by Northland Securities in a note issued to investors on Friday. They presently have a $3.50 price target on the electronics maker’s stock. Northland Securities’ price target would suggest a potential upside of 95.53% from the stock’s current price.
Separately, ValuEngine cut shares of O2Micro International Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd.
O2Micro International Limited (NASDAQ OIIM) traded down $0.03 on Friday, reaching $1.79. 37,190 shares of the company traded hands, compared to its average volume of 54,697. O2Micro International Limited has a 1 year low of $1.45 and a 1 year high of $2.80.
O2Micro International Limited (NASDAQ:OIIM) last posted its quarterly earnings results on Thursday, August 3rd. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The firm had revenue of $14.51 million for the quarter, compared to analysts’ expectations of $15.07 million. O2Micro International Limited had a negative net margin of 6.99% and a negative return on equity of 4.02%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) earnings per share. equities analysts predict that O2Micro International Limited will post -0.23 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the business. Essex Investment Management Co. LLC raised its holdings in shares of O2Micro International Limited by 28.9% during the second quarter. Essex Investment Management Co. LLC now owns 308,370 shares of the electronics maker’s stock worth $604,000 after purchasing an additional 69,140 shares during the period. White Pine Capital LLC raised its holdings in shares of O2Micro International Limited by 30.4% during the second quarter. White Pine Capital LLC now owns 465,864 shares of the electronics maker’s stock worth $913,000 after purchasing an additional 108,725 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of O2Micro International Limited by 1.4% during the first quarter. Renaissance Technologies LLC now owns 2,061,000 shares of the electronics maker’s stock worth $4,720,000 after purchasing an additional 27,700 shares during the period. 39.15% of the stock is currently owned by institutional investors.
About O2Micro International Limited
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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