Brokerages Anticipate O2Micro International Limited (OIIM) Will Announce Quarterly Sales of $15.63 Million
Wall Street analysts forecast that O2Micro International Limited (NASDAQ:OIIM) will post $15.63 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for O2Micro International’s earnings, with estimates ranging from $15.50 million to $15.90 million. O2Micro International reported sales of $15.91 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.8%. The firm is expected to issue its next earnings report on Wednesday, January 24th.
On average, analysts expect that O2Micro International will report full year sales of $15.63 million for the current year, with estimates ranging from $60.50 million to $60.90 million. For the next fiscal year, analysts forecast that the business will report sales of $65.77 million per share, with estimates ranging from $65.10 million to $66.20 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover O2Micro International.
Separately, Northland Securities reiterated a “hold” rating and issued a $3.50 price objective on shares of O2Micro International in a report on Friday, November 3rd.
An institutional investor recently raised its position in O2Micro International stock. Essex Investment Management Co. LLC boosted its holdings in O2Micro International Limited (NASDAQ:OIIM) by 18.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,531 shares of the electronics maker’s stock after buying an additional 57,161 shares during the quarter. Essex Investment Management Co. LLC owned approximately 1.41% of O2Micro International worth $647,000 at the end of the most recent reporting period. 39.93% of the stock is currently owned by institutional investors and hedge funds.
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O2Micro International 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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