OmniVision (OVTI) PT, Estimates Raised at Northland Capital Markets
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Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 36
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Northland Capital Markets analyst Tom Sepenzis reiterated an Outperform rating and lifted his price target on OmniVision Technologies (NASDAQ: OVTI) to $31.00 (from $28.00) following solid Q1 results.
Sepenzi commented, "Omnivision reported higher top-line and bottom-line results driven by accelerating sales in its smartphone and automotive businesses. In particular, the Chinese smartphone business continues to drive improved results both on unit strength and increased mega-pixel use in most products. We believe this trend will continue for the foreseeable future."
The firm raised FY 2015 EPS from $1.60 to $1.95 and FY 2016 EPS from $1.72 to $1.79.
For an analyst ratings summary and ratings history on OmniVision Technologies click here. For more ratings news on OmniVision Technologies click here.
Shares of OmniVision Technologies closed at $27.18 yesterday.
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