OmniVision Technologies (NASDAQ:OVTI) engages in designing, developing, and marketing semiconductor image-sensor devices worldwide.
Insider selling during the last 30 days
Here is a table of OmniVision's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Option Exercise & Sale||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Howard Rhodes||CTO||June 5-26||32,396||Yes||No||0 shares||100%|
|Raymond Wu||President||June 12||9,803||Yes & No||No||666 shares + 62,580
|Aurelio Cisneros||SVP||June 2-3||59,805||Yes & No||No||8,688
There have been 102,004 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of OmniVision's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 298,709 shares sold and there have been zero shares purchased by insiders since January 2013. The month of June 2014 has seen the most insider selling.
OmniVision reported the fiscal 2014 full-year, which ended April 30, financial results on May 29 with the following highlights:
|Net income||$95.0 million|
The three insiders sold their shares after these results.
OmniVision has negative revenue growth currently.
OmniVision's fiscal 2015 first-quarter guidance is as follows:
|Qtrly Rev Growth (yoy):||-0.02||N/A||-0.09|
|PEG (5 yr expected):||1.13||N/A||8.20|
OmniVision has the second-highest P/S ratio among these three companies.
There have been three different insiders selling OmniVision and there have not been any insiders buying OmniVision during the last 30 days. All three of these insiders decreased their holdings by more than 10% each. OmniVision has an insider ownership of 0.60%.
Before going short OmniVision, I would like to get a bearish confirmation from the Point & Figure chart. The two main reasons for the proposed short entry are negative revenue growth, and the intensive insider-selling activity.
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.