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OmniVision Technologies, Inc. (OVTI)

  • Aug. 22, 2012, 2:17 PM
    Apple (AAPL +1.1%) roundup: 1) China Telecom (CHA) mentions in its Q2 report it added 8.35M subs, something it largely credits to the iPhone 4S. 2) Digitimes sources claim Q3 production of the new iPhone will be less than 15M units, below a prior forecast of 20M, due to low yields (previous) for in-cell touch panels and new dock connectors. If true, that could have negative implications for suppliers. 3) Needham is raising its PT to $750, and its FY13 EPS estimate to $50.
    | Aug. 22, 2012, 2:17 PM | 1 Comment
  • Aug. 9, 2012, 10:14 AM
    Stifel has launched coverage on Apple (AAPL +0.5%) with a Buy and $825 PT. Separately, Topeka's Brian White, whose "Apple Monitor" accurately predicted a soft June quarter, claims the monitor delivered the "best July on record," with sales of the Apple suppliers it tracks rising 14% M/M (the historical average is 8.5%). Cirrus Logic's guidance has already fueled hopes of strong fall sales for Apple and its suppliers.
    | Aug. 9, 2012, 10:14 AM | 11 Comments
  • Jul. 31, 2012, 9:55 AM
    Apple (AAPL) suppliers jump after Cirrus Logic's (CRUS +22%) very strong September quarter guidance fuels hopes of both an iPad Mini and huge early orders for the next iPhone. SWKS +5.8%. TQNT +2.2%. AVGO +3.1%. BRCM +1.4%. OmniVision (OVTI +3.6%) is rallying even though Needham is cutting estimates on a belief Sony (SNE) has the rear camera image sensor slot for the next iPhone, though OmniVision has the front-camera slot. (CRUS transcript)
    | Jul. 31, 2012, 9:55 AM | 3 Comments
  • Jul. 26, 2012, 9:12 AM
    Premarket gainers: GENE +33%. PSDV +24%. IBIO +21%. S +18%. WDC +17%. AKAM +16%. PCS +14%. TEX +13%. FTNT +13%. STX +11%. WFM +11%. GNC +8%. UN +7%. CROX +7%. BBVA +7%. PHM +7%. SVU +6%. SAN +6%. PSTI +6%. EQIX +6%. ABB +6%. IOC +6%. AEM +6%. FTE +6%. MRVL +6%. NOK +5%. OVTI +5%.
    Losers: ZNGA -40%. NG -29%. STRA -17%. GLUU -8%. IPG -6%. ESI -7%. GRPN -6%. FB -6%. ALU -6%. STB -6%. ABX -5%. LVS -5%.
    | Jul. 26, 2012, 9:12 AM | 1 Comment
  • Jul. 25, 2012, 1:20 PM
    Beaten-down chip stocks are rallying (SOXX +2.9%) thanks to pleasing reports from Broadcom, STMicroelectronics, Altera, and others. Interestingly, many Apple (AAPL -4%) suppliers, off initially on the FQ3 miss, are also gaining - even Cirrus Logic (CRUS +3.5%), which has 60%+ exposure. Two possible implications: the Street thinks Samsung will make up for any iShortfall, and/or it's less bothered by Apple's iPhone shipments per se than its margin and ASP declines. (more on AAPL)
    | Jul. 25, 2012, 1:20 PM | 4 Comments
  • Jul. 24, 2012, 4:54 PM
    On cue, Apple component suppliers dive thanks to the company's FQ3 miss, which included an iPhone shortfall. QCOM -1.6%. OVTI -3.2%. CRUS -6.3%. SWKS -3.1%. TQNT -1.8%. AVGO -2%. BRCM +2.8% after being up 5% following its Q2 beat.
    | Jul. 24, 2012, 4:54 PM | 3 Comments
  • Jul. 19, 2012, 11:06 AM
    Only 20M-25M iPhones will be produced in the September quarter, sources tell Digitimes. The next-gen iPhone will account for a large chunk of these shipments. The report comes as Apple (AAPL +0.7%) trades higher in spite of Verizon's soft iPhone sales figure - a Q2 U.S. slowdown seems to be priced in. iPhone component suppliers are also moving higher, thanks to Qualcomm and Skyworks' reports. Avian recently estimated Q2 iPhone builds may have fallen to ~20M.
    | Jul. 19, 2012, 11:06 AM | 10 Comments
  • Jul. 18, 2012, 5:18 PM
    Wireless chipmakers are moving higher after Qualcomm and Skyworks post earnings and guidance that were better than many expected, given widespread reports of slowing smartphone growth and component order cuts. TQNT +3.5%. RFMD +2.6%. CRUS +1.6%. OVTI +1.5%. INVN +1.6%.
    | Jul. 18, 2012, 5:18 PM | Comment!
  • Jul. 12, 2012, 12:42 PM
    Chip stocks underperform (SOXX -2.1%) after Nomura's Romit Shah says his firm "cannot make a fundamental argument for being long any semiconductor stocks in today’s environment." On a relative basis, Shah recommends buying Apple component suppliers. Some chipmakers with heavy Apple explosure: CRUS, OVTI, SWKS, TQNT, BRCM. Deutsche made the opposite call on chip stocks yesterday.
    | Jul. 12, 2012, 12:42 PM | Comment!
  • Jul. 10, 2012, 1:13 PM
    iPhone component suppliers Cirrus Logic (CRUS -7.6%) and TriQuint (TQNT -4.1%) are off sharply. Recent supply-chain data pointing to a major decline in Apple orders ahead of the next iPhone's launch could be playing a role. However, other iPhone suppliers are only posting declines in-line with the broader chip sector (SOXX -1.6%), hurt by AMD's warning. OVTI -1.7%. SWKS -1.6%.
    | Jul. 10, 2012, 1:13 PM | Comment!
  • Jun. 22, 2012, 1:17 PM
    Sony (SNE) says it will invest ¥80B ($994M) through March 2014 to increase its image sensor production capacity, in order to address growing smartphone and tablet demand. The investment will be focused on the production of stacked CMOS sensors, which Sony claims offer size and image quality improvements over traditional solutions. Top image sensor rival OmniVision (OVTI -2.6%) appears to be selling off on the news.
    | Jun. 22, 2012, 1:17 PM | Comment!
  • Jun. 15, 2012, 11:47 AM
    Qualcomm (QCOM) and Broadcom (BRCM) have begun producing 4G baseband and Wi-Fi chips, respectively, for the next-gen iPhone (AAPL) via TSMC's (TSM) 28nm process, Digitimes reports. OmniVision (OVTI), STMicroelectronics (STM), Texas Instruments (TXN), and NXP (NXPI) are also said to be ramping production of next-gen iPhone chips. It's added TSMC's 28nm supply constraints, exacerbated by Nvidia's (NVDA) significant needs, continue to be a problem.
    | Jun. 15, 2012, 11:47 AM | 1 Comment
  • Jun. 1, 2012, 10:08 AM
    OmniVision (OVTI -11.5%) falls hard after its bottom-line results and guidance disappoint the Street in spite of healthy top-line figures, thanks to inventory-driven gross margin weakness. During its earnings call, OmniVision suggested yield issues and high production costs for its high-end BSI-2 image sensors are also affecting margins. While expecting margins to remain under pressure, Needham remains positive on account of OmniVision's BSI-2 ramp and expected iPhone orders.
    | Jun. 1, 2012, 10:08 AM | Comment!
  • May 31, 2012, 4:37 PM
    More on OmniVision's FQ4: Gross margin fell 170 bps Q/Q and 820 bps Y/Y to 22.5%, and contributed to the EPS miss. The company blames one-time inventory issues. However, it's also guiding for FQ1 revenue of $235M-$255M and EPS of $0.16-$0.27; the former is above a $219.2M consensus, but the latter is below a Street estimate of $0.29. Did Apple obtain favorable pricing for its iPad and (assuming rumors are true) iPhone image sensor orders? OVTI -3.9% AH. (PR) (earlier)
    | May 31, 2012, 4:37 PM | Comment!
  • May 31, 2012, 4:26 PM
    OmniVision Technologies (OVTI): FQ4 EPS of $0.20 misses by $0.02. Revenue of $218.5M (-15.4% Y/Y) beats by $13M. Shares -5.1% AH. (PR)
    | May 31, 2012, 4:26 PM | Comment!
  • May 31, 2012, 2:37 PM
    OmniVision (OVTI +7.1%) is rallying ahead of this afternoon's FQ4 report, thanks to an upgrade to Overweight from JPMorgan. The firm thinks OmniVision's risk-reward is favorable following its recent selloff, and it has become more optimistic the company will win back iPhone image sensor share with the launch of the next iPhone. A recent Digitimes report said OmniVision is "believed to have secured" new iPhone and iPad design wins.
    | May 31, 2012, 2:37 PM | 1 Comment
OVTI vs. ETF Alternatives
Company Description
OmniVision Technologies Inc designs, develops and markets high-performance, highly integrated and cost-efficient semiconductor image-sensor devices. Its products include image-sensing devices namely CameraChip image sensors.