Oppenheimer Analysts Begin Coverage on OmniVision Technologies (OVTI)

By admin | 6 years ago

Equities researchers at Oppenheimer (NYSE: OPY) began coverage on shares of OmniVision Technologies (NASDAQ: OVTI) in a report issued on Friday. The firm set a “perform” rating on the stock.

Shares of OmniVision Technologies opened at 13.395 on Friday. OmniVision Technologies has a 52 week low of $10.15 and a 52 week high of $35.09. The company has a market cap of $776.5 million and a P/E ratio of 11.85.

OmniVision Technologies last announced its earnings results on Thursday, May 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. On average, analysts predict that OmniVision Technologies will post $0.34 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of OmniVision Technologies in a research note to investors on Friday. Separately, analysts at JPMorgan Chase (NYSE: JPM) upgraded shares of OmniVision Technologies from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. Finally, analysts at Wedbush cut their price target on shares of OmniVision Technologies from $16.00 to $15.00 in a research note to investors on Tuesday, May 29th.

OmniVision Technologies, Inc. (OmniVision), incorporated in May 1995, designs, develops and markets semiconductor image-sensor devices.

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