Jun. 25, 2014, 11:23 AM
May 30, 2014, 12:45 PM
May 30, 2014, 9:14 AM
May 29, 2014, 5:37 PM
May 29, 2014, 5:31 PM
- OmniVision (OVTI) expects FQ1 revenue of $360M-$400M, far above a $304.9M consensus. EPS guidance of $0.29-$0.49 is largely above a $0.29 consensus.
- The image sensor vendor says it has made "meaningful progress" in its efforts to diversify into new geographies (read: become less dependent on Apple), and to grow its automotive/security product sales.
- Gross margin rose 50 bps Q/Q and 260 bps Y/Y in FQ4 to 20.1% thanks to sales of "newer and lower cost products." GAAP opex rose 12% Y/Y to $52.4M.
- OmniVision, which currently has a market cap of $1.34B, ended FQ4 with $450.9M in cash and just $35.8M in debt. The company doesn't yet pay a dividend.
- FQ4 results, PR
May 29, 2014, 4:19 PM
May 28, 2014, 5:35 PM
May 23, 2014, 10:09 AM
- TechCrunch reports Google (GOOG - unchanged) is close to buying satellite imagery startup Skybox Imaging; a source estimates the price is around $1B.
- The Information reported of Google's interest in Skybox in April. Aside from providing high-res imagery that could bolster Google Maps/Earth, Skybox provides related analytics services aimed at enterprises/institutions.
- TechCrunch observes Skybox currently relies on just one satellite, and needs more funding as it gets set to launch a second one in June. The company recently placed an order for 13 small satellites.
- DigitalGlobe (DGI +0.3%), which sold off when The Information's report came out, is taking the TechCrunch report in stride. The company is a major imagery supplier for Maps/Earth.
- Separately, the WSJ reports Google's Project Tango, launched as an effort to create Android phones able to track motion and provide 3D visual maps of one's surroundings, now extends to tablets.
- A 7" prototype tablet sporting "two back cameras, infrared depth sensors and advanced software that can capture precise [3D] images of objects" is said to be on tap. There's a good chance OmniVision (OVTI +1.1%), already a Tango partner, is the image sensor supplier.
Feb. 28, 2014, 9:14 AM
Feb. 27, 2014, 5:38 PM
Feb. 27, 2014, 5:06 PM
- OmniVision (OVTI) expects FQ4 revenue of $275M-$305M and EPS of $0.19-$0.35, in-line with a consensus of $284.3M and $0.22. With a long line of mobile chipmakers having guided light (those with strong Apple exposure have been especially hard-hit), the forecast is going over well.
- In spite of a 17% Y/Y rev. drop, gross margin rose 270 bps Y/Y in FQ3 to 19.6%; that contributed to OmniVision's huge EPS beat. FQ4 EPS guidance points to continued margin strength.
- Opex rose 7% Y/Y to $51.3M, thanks to a 13% increase in R&D spend to $30.9M. OmniVision says its new PureCel image sensors (meant for high-end smartphones/tablets) are "gaining traction."
- FQ3 results, PR
Feb. 27, 2014, 4:28 PM
Feb. 27, 2014, 12:10 AM
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Feb. 26, 2014, 5:35 PM
- AHT, AIRM, AL, ALIM, AMRN, APEI, ARNA, ATLS, AVD, BAGL, BCEI, BID, BIO, CEMP, CHUY, CLNE, CRM, DCO, DECK, ELGX, EPR, EVC, GPS, HALO, HTGC, KBR, KOG, LINE, MDVN, MELI, MENT, MNST, MTZ, NGD, NMBL, NOG, OLED, OVTI, PKT, PODD, REGI, ROST, SD, SFM, SLXP, SPLK, SPNC, SQNM, SWN, TESO, TUMI, UHS, WES, WG, WTR, XTEX, YOKU
Feb. 25, 2014, 7:06 PM
- Ahead of its Thursday FQ3 report, OmniVision (OVTI) states it's working with Google to develop the recently-announced Project Tango's 3D vision capabilities.
- Tango aims to enable Android phones that can track motion and create 3D maps of their surroundings. Potential applications including immersive gaming, indoor navigation, and 3D scanning.
- Two new OmniVision image sensors, the OV4682 and the OV7251, are part of Google's Tango development kit. The 4682 has a 4MP resolution, supports 90fps video capture, and can capture IR information (enables depth analysis), and the 7251 can capture VGA-resolution video at 100fps, while enabling low-light imaging and providing motion-tracking data.
Feb. 11, 2014, 2:23 PM
- The Nikkei reports Sony (SNE +2.4%) is talking with Apple about doubling its supply of image sensors to the tech giant, in support of a future iPhone. The paper adds Sony has laid the groundwork to handle the extra demand, and that its acquisition of a Renesas image sensor fab was done with Apple in mind.
- While Sony is rallying, OmniVision (OVTI -5.6%) shares aren't responding well to the report. Apple has relied on both Sony and OmniVision for iPhone image sensors in recent years.
- Techno Systems Research estimates Sony had a 32.1% share of the CMOS image sensor market in 2012. In addition to Apple, Sony supplies Samsung and Huawei.
OVTI vs. ETF Alternatives
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.
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