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OmniVision Technologies, Inc. (OVTI)

  • May 29, 2012, 1:27 PM
    OmniVision (OVTI +8.1%) soars following a report stating the image sensor vendor is "believed to have secured orders" for the next-gen iPhone and iPad, and has boosted its orders to its packaging/testing partners as a result. It's added OmniVision's Q2 chip orders to TSMC (TSM) are expected to "jump significantly" from Q1 levels. OmniVision's sensors are used in the new iPad's front and rear cameras, though it lost iPhone share to Sony with the 4S launch.
    | May 29, 2012, 1:27 PM | Comment!
  • May 22, 2012, 6:24 PM
    OmniVision (OVTI -2%) announces two 16MP image sensors for smartphones and digital cameras. The chips are capable of taking 60 fps video at full resolution (3840x2160), and also support burst photography at 16MP. Overkill? Probably for many consumers. But smartphone vendors are pulling out all the stops to differentiate themselves, and OmniVision needs the margin boost provided by high-end sensors, given tough competition from Sony (SNE) and others.
    | May 22, 2012, 6:24 PM | Comment!
  • May 15, 2012, 5:17 PM
    David Einhorn's Greenlight Capital established new positions in Computer Sciences (CSC) and Expedia (EXPE) in Q1. Assuming Einhorn maintained his position through April 27, the Expedia bet was a smart one. Einhorn also liquidated his positions in TRV, FSLR, OVTI, and YHOO, and significantly cut his positions in MSFT, GM, and RIMM. EXPE +0.9% AH. (13-F)
    | May 15, 2012, 5:17 PM | 2 Comments
  • Apr. 24, 2012, 5:07 PM
    Unsurprisingly, many Apple (AAPL) chip suppliers are rising following the company's strong FQ2, even more than the tech sector at large. OVTI +6.7%. QCOM +2.3%. BRCM +4.6%. SWKS +5.6%. TQNT +7.6%. CRUS +8.2%.
    | Apr. 24, 2012, 5:07 PM | 2 Comments
  • Apr. 20, 2012, 12:43 PM
    Weak results and/or guidance (I, II, III, IV) from SanDisk (SNDK -13.4%), Freescale (FSL -7.9%), Lattice Semi (LSCC -9.4%), and Altera (ALTR -6.5%) is producing a selloff in chip stocks (SOXX -1.2%), which had been rallying on evidence of rebounding demand. Among the hardest hit (aside from the guilty parties): OVTI -3.9%. SWKS -3.9%. MU -3.7%. CRUS -3.1%.
    | Apr. 20, 2012, 12:43 PM | 5 Comments
  • Apr. 11, 2012, 2:35 PM
    After a strong rise in semiconductors so far this year, Needham suggests staying the course with secular chip stocks - CODE, OVTI, SIMG and SIMO are named as meeting or beating near-term expectations - rather than switching to cyclical shares which already have priced in much of the benefit they may see from inventory restocking.
    | Apr. 11, 2012, 2:35 PM | Comment!
  • Mar. 30, 2012, 10:41 AM
    A new USPTO filing suggests Apple (AAPL) is developing an advanced 3D camera, one that would use multiple sensors and "microlenses" to create 3D images more accurate and detailed than current solutions. The commercialization of the technology would likely have implications for image sensor suppliers OVTI and SNE, depending on the cost of the solution and whom Apple chooses to partner with.
    | Mar. 30, 2012, 10:41 AM | Comment!
  • Mar. 20, 2012, 9:46 AM
    Needham thinks the 62% YTD rally in OmniVision (OVTI +1.6%) has more room to run, upgrading shares to Buy from Hold with a $24 price target. Teardowns of the new iPad find OVTI supplying both the 5 MP back camera and VGA front camera, which the firm says is consistent with above-consensus guidance. Checks also point to increased capacity with Taiwan Semi.
    | Mar. 20, 2012, 9:46 AM | Comment!
  • Mar. 16, 2012, 5:20 PM
    Chipworks provides confirmation OmniVision (OVTI +2.1%) image sensors are used for both the new iPad's front and rear cameras - shares had already risen on expectations this would be the case. The 5MP OV5650 sensor, already used in the iPhone 4, powers the rear camera, while the 0.3MP OV297AA sensor, found in the iPod Nano and iPad 2, powers the front camera.
    | Mar. 16, 2012, 5:20 PM | Comment!
  • Mar. 15, 2012, 2:35 PM
    OmniVision (OVTI +5.5%) is surging on iPad review day; expectations are up the new iPad features one or more OmniVision sensors. iFixit doesn't mention OmniVision in its iPad 4G teardown, though it does note the existence of a Broadcom (BRCM +2%) combo chip, I/O controller, and touchscreen controller, and (like the iPhone 4S) a Qualcomm (QCOM) transceiver chip. No word on the expected Qualcomm baseband chip. Update: iFixit has completed its teardown and notes a Qualcomm baseband is present, among other parts.
    | Mar. 15, 2012, 2:35 PM | 1 Comment
  • Mar. 7, 2012, 1:49 PM
    In spite of rumors to the contrary, pricing for new iPad models will be on par with that for similar iPad 2 models. Immersion (IMMR -3.7%) and OmniVision (OVTI -0.8%) have given up their early gains. Haptic feedback support hasn't yet been announced, and there may be fears that the similarities between the cameras used in the new iPad and the iPhone 4S indicate a Sony sensor is being used. Apple (AAPL -0.1%) is off slightly. (live blog)
    | Mar. 7, 2012, 1:49 PM | Comment!
  • Mar. 7, 2012, 1:34 PM
    The new iPad (AAPL) is announced. In-line with expectations, the device features a retina display (2048x1536 resolution), 4G LTE support, and A5X processor - Apple boasts the quad-core chip is 4x as fast as Nvidia's (NVDA) Tegra 3. Also included is a 5MP "iSight" camera that possibly features an OmniVision (OVTI +2.3%) image sensor.
    | Mar. 7, 2012, 1:34 PM | 9 Comments
  • Mar. 6, 2012, 10:20 AM
    Baird tips off that the latest iPad tablet will use camera sensors from OmniVision (OVTI +5.6%), with a 5 megapixel sensor in the rear camera and a 1 megapixel sensor in the front camera.  Analysts raise OVTI to Outperform on the potential for outfitting the iPad HD , as well as the upcoming iPad Mini.
    | Mar. 6, 2012, 10:20 AM | 2 Comments
  • Feb. 24, 2012, 12:20 PM
    Though off yesterday's AH highs, OmniVision (OVTI +7.3%) is still rallying after posting FQ3 revenue and FQ4 guidance that blew past depressed expectations. During its earnings call, OmniVision partly attributed its top-line performance to strong demand for lower-resolution image sensors. Canaccord (Buy) expects the resolution of yield issues for 8MP sensors to drive growth and margin improvement.
    | Feb. 24, 2012, 12:20 PM | Comment!
  • Feb. 23, 2012, 5:32 PM
    OmniVision Technologies (OVTI): FQ3 EPS of $0.13 in-line. Revenue of $185.2M (-15% Y/Y) beats by $6.3M. Company expects FQ4 revenue of $195M-$215M and EPS of $0.15-$0.28, above a consensus of $170.7M and $0.10. Shares +14% AH. (PR)
    | Feb. 23, 2012, 5:32 PM | Comment!
  • Feb. 17, 2012, 9:57 AM
    OmniVision (OVTI -1.2%) shares slip after J.P. Morgan cut its rating to Neutral from Overweight based on valuation. The firm admits its stand risks missing an upswing in OVTI’s revenue and earnings, but notes the imaging sector is seeing "aggressive price-based competition from Sony, Samsung, Aptina and others."
    | Feb. 17, 2012, 9:57 AM | 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.