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OmniVision Technologies, Inc. (OVTI)

  • 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.
  • 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.
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  • 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)
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  • 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."
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  • Jan. 23, 2012, 12:10 PM
    OmniVision (OVTI +0.1%), dinged in recent weeks by unfavorable Apple-related news (I, II), is nearly unchanged today in spite of archrival Sony's (SNE) introduction of a new image sensor chip. Sony claims the chip, which competes with OmniVision's BSI-2 sensor, is smaller, offers better image quality, and contains more room for signal-processing circuitry than competing solutions.
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  • Jan. 20, 2012, 11:10 AM
    OmniVision (OVTI -2.9%) sells off again after Needham (Hold) says its checks indicate Samsung will supply a 5MP image sensor for the iPad 3's rear camera; it's believed the iPad 2 uses OmniVision sensors for both of its cameras. Needham also claims (in-line with recent fears) Apple (AAPL) is solely relying on SNE to supply the iPhone 4S' rear sensor, though OmniVision is trying to be qualified as a second source.
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  • Jan. 13, 2012, 6:46 PM
    OmniVision (OVTI -3.2%) sold off today after its name failed to appear on Apple's supplier list. Though it had been widely known that OmniVision had lost iPhone image sensor share to Sony (SNE) with the release of the 4S, its non-presence on a list that features dozens of chipmakers suggests its standing with Apple (AAPL), known for holding a grudge with suppliers, is worse than previously believed.
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  • Nov. 30, 2011, 11:17 AM
    Needham maintains its Hold rating on OmniVision (OVTI -7%) after its outlook warning, even as it expects "further degradation in demand entering the January quarter." OVTI suffered "unexpected order cutbacks across several of its major handset customers and saw its notebook business decline due to lower demand and the impact from the Thailand flooding."
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  • Nov. 30, 2011, 9:15 AM
    Morgan Keegan responds to OmniVision's (OVTI) weak FQ3 guidance by cutting its FY13 EPS estimate by more than half; the firm thinks the excess inventory held by OmniVision's customers will take 2-3 quarters to work through, and that the challenging ramp of its BSI-2 image sensor will pressure margins. OVTI -10.3%. (transcript)
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  • Nov. 30, 2011, 9:05 AM
    Premarket gainers: AMR +46%. MT +11%. FRO +10%. BCS +10%. IRE +9%. DB +9%. GBG +9%. CX +9%. STP +9%. RBS +8%. ING +8%. PCX +8%. BSBR +8%. LYG +8%. RCL +8%. RIO +8%. CS +8%. RDN +8%. MS +8%. X +7%. BHP +7%. FCX +7%. BBD +7%. BBVA +7%. MTL +7%. BP +7%. PHM +7%. GGB +7%. JPM +7%. AEG +7%. C +7%. TS +7%. UBS +7%. AKS +7%. ANR +6%. DANG +6%.
    Losers are mainly just leveraged short ETFs: EDZ -15%. TCIX -14%. SRTY -13%. TZA -13%. FAZ -11%. OVTI -11%. ERY -10%. BGZ -10%. EEV -10%. SPXU -9%. SQQQ -9%. TWM -8%. SKF -7%. VXX -7%. SDS -6%. QID -6%. DXD -5%. DTO -5%. RWM -4%. ZSL -4%. SCO -4%. DZZ -4%. BBEP -3%. SH -3%. PSQ -3%. EUO -3%.
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  • Nov. 29, 2011, 5:12 PM
    OmniVision Technologies (OVTI) drops 9.7% AH after delivering its FQ2 report. While FQ2 results beat Street estimates that were lowered following OmniVision's Nov. 7 warning - revenue of $217.9M (-9% Y/Y) and EPS of $0.48 vs. consensus of $214.6M and $0.32 - the company is guiding for FQ3 revenue of $160M-$180M and EPS of $0.05-$0.17, well below a consensus of $201.4M and $0.26. (earlier)
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  • Nov. 29, 2011, 9:09 AM
    While others have speculated Thai flooding is slowing down iPhone (AAPL) production, Rodman & Renshaw claims low manufacturing yields for an unnamed "key component" is the culprit, and could result in calendar Q4 shipments of only 30M, below Street estimates. Could the component be OmniVision's (OVTI) BSI-2 image sensor? OmniVision, which warned recently, has struggled with BSI-2 yields.
  • Nov. 25, 2011, 12:35 PM
    OmniVision Technologies (OVTI -4%) is making new 52-week lows, after Wedbush (Neutral) slashes its PT ahead of Tuesday's FQ2 report. The firm thinks FQ2 results will be in-line with the numbers preannounced 2 weeks ago, but expect FQ3 guidance to be below Street estimates, given macro troubles, market share losses, and low chip manufacturing yields.
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  • Nov. 23, 2011, 11:51 AM
    While tech in general is selling off, wireless chipmakers are getting hit harder than most, after HTC's (HTCCF.PK) Q4 bombshell raises fears of a slowdown in smartphone demand. QCOM -3.8%. BRCM -3.1%. OVTI -3%. CRUS -4.2%. MRVL -3.9%. SWKS -6.7%. TQNT -3.8%. RFMD -4.1%. ANAD -5.1%.
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  • Nov. 15, 2011, 9:10 AM
    OmniVision (OVTI) -2.4% premarket after Needham downgrades shares to Hold from Strong Buy, saying while OVTI significantly lowered its FQ2 revenue outlook, the image sensor company also faces two long-term challenges: gross margin compression due to increasing pricing pressure; and accelerating competition in the 8MP non-Apple smartphone market.
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  • Nov. 8, 2011, 8:03 AM
    Though shares were crushed yesterday by the news, Wedbush is downgrading OmniVision (OVTI) to Neutral on account of its FQ2 warning, as well as management's comments about having a "more cautionary outlook" for FQ3. The slower-than-expected ramp of OmniVision's 8MP BSI-2 chip, found in some iPhone 4S (AAPL) units, also has Wedbush concerned.
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Company Description
OmniVision Technologies Inc designs, develops and markets semiconductor image-sensor devices. Its main products are CameraChip image sensors and CameraCubeChip imaging devices.