OmniVision Technologies Now Covered by Cross Research (OVTI)
Stock analysts at Cross Research initiated coverage on shares of OmniVision Technologies (NASDAQ:OVTI) in a report issued on Monday, AnalystRatings.Net reports. The firm set a “hold” rating on the stock.
OmniVision Technologies (NASDAQ:OVTI) opened at 16.10 on Monday. OmniVision Technologies has a 52 week low of $12.06 and a 52 week high of $20.48. The stock’s 50-day moving average is $14.85 and its 200-day moving average is $16.23. The company has a market cap of $895.0 million and a price-to-earnings ratio of 13.38.
OmniVision Technologies (NASDAQ:OVTI) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.17. The company had revenue of $397.20 million for the quarter, compared to the consensus estimate of $392.30 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts expect that OmniVision Technologies will post $1.73 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on OVTI. Analysts at JPMorgan Chase & Co. raised their price target on shares of OmniVision Technologies to $18.00 in a research note to investors on Wednesday, December 4th. Analysts at Zacks downgraded shares of OmniVision Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, October 7th. They now have a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.30.
OmniVision Technologies, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
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