Canaccord Genuity Maintains a 'Buy' on OmniVision Technologies (OVTI); Build-up Before Second Half Ramp
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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 maintains a 'Buy' on OmniVision Technologies (NASDAQ: OVTI) price target of $20.00.
Analyst, Bobby Burleson, said, "We remain BUY rated on OVTI ahead of what we expect will be a strong ramp for revenue on new customer programs in H2. We believe substantial inventory growth in the current quarter is to ensure supply independent of yields, while yield improvement could offer upside to conservative gross margins in our model."
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 $16.18 yesterday.
Analyst, Bobby Burleson, said, "We remain BUY rated on OVTI ahead of what we expect will be a strong ramp for revenue on new customer programs in H2. We believe substantial inventory growth in the current quarter is to ensure supply independent of yields, while yield improvement could offer upside to conservative gross margins in our model."
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 $16.18 yesterday.
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