OmniVision Technologies (NASDAQ:OVTI) was downgraded by stock analysts at Craig Hallum from a “buy” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
OmniVision Technologies (NASDAQ:OVTI) opened at 18.41 on Friday. 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 $17.04 and its 200-day moving average is $15.91. The company has a market cap of $1.006 billion and a P/E ratio of 23.01. OmniVision Technologies also saw some unusual options trading activity on Tuesday. Investors purchased 9,148 call options on the stock. This is an increase of approximately 475% compared to the typical volume of 1,592 call options.
OmniVision Technologies (NASDAQ:OVTI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.12. The company had revenue of $373.70 million for the quarter, compared to the consensus estimate of $376.58 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 44.8% on a year-over-year basis. On average, analysts predict that OmniVision Technologies will post $1.73 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on OVTI. Analysts at Oppenheimer downgraded shares of OmniVision Technologies from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $21.00 price target on the stock. Separately, analysts at Zacks upgraded shares of OmniVision Technologies from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, June 20th. They now have a $24.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of OmniVision Technologies from a “hold” rating to a “buy” rating in a research note to investors on Monday, June 10th.
Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.75.
OmniVision Technologies, Inc (NASDAQ:OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
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