Canaccord Genuity Reiterates a 'Hold' on OmniVision Technologies (OVTI); Guidance In-Line, but ASP & Production Concerns Likely to Weigh
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Price: $29.38 --0%
Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Hold' on OmniVision Technologies (NASDAQ: OVTI), PT $33.
Canaccord analyst, Bobby Burleson, said, "OVTI reported an upside quarter and guided largely in line with the consensus view (slightly light for revenues and a penny ahead for EPS). With a transition to 8MP underway in smartphones, pricing for 5MP is in low teens year-on-year decline, while yield risks loom for 8MP BSI production. We believe these concerns may keep shares range-bound near term."
For more ratings news on OmniVision Technologies click here and for the rating history of OmniVision Technologies click here.
Shares of OmniVision Technologies closed at $36.42 yesterday.
Canaccord analyst, Bobby Burleson, said, "OVTI reported an upside quarter and guided largely in line with the consensus view (slightly light for revenues and a penny ahead for EPS). With a transition to 8MP underway in smartphones, pricing for 5MP is in low teens year-on-year decline, while yield risks loom for 8MP BSI production. We believe these concerns may keep shares range-bound near term."
For more ratings news on OmniVision Technologies click here and for the rating history of OmniVision Technologies click here.
Shares of OmniVision Technologies closed at $36.42 yesterday.
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