Oppenheimer Downgrades OmniVision Technologies (OVTI) to Perform, Best to Remain on the Sidelines
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Price: $29.38 --0%
Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
2 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Oppenheimer downgraded OmniVision Technologies (NASDAQ: OVTI) from Outeprform to Perform.
Sony's image sensor in the iPhone 4s is one factor, so too reduced sales of PCs amplified by flooding in Thailand, as well as the prior reduced iPad forecast in CY4Q and soft sales on non-Apple tablets. In addition issues with BSI-2 at TSMC, checks hint at some material compatibility issue with encapsulant materials during packaging of image sensor lenses.
Despite the cheap market multiple, the lack of catalyst suggest it is best to stay on the sidelines.
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 $14.26 yesterday.
Sony's image sensor in the iPhone 4s is one factor, so too reduced sales of PCs amplified by flooding in Thailand, as well as the prior reduced iPad forecast in CY4Q and soft sales on non-Apple tablets. In addition issues with BSI-2 at TSMC, checks hint at some material compatibility issue with encapsulant materials during packaging of image sensor lenses.
Despite the cheap market multiple, the lack of catalyst suggest it is best to stay on the sidelines.
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 $14.26 yesterday.
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