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OmniVision Technologies, Inc. (OVTI)

- NASDAQ
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  • Aug. 29, 2013, 4:27 PM
  • Aug. 29, 2013, 12:10 AM
  • Aug. 28, 2013, 5:35 PM
  • Aug. 28, 2013, 10:49 AM
  • Jul. 24, 2013, 3:57 PM
    CEVA (CEVA -12.8%) is ending the day with huge losses after Broadcom, which uses CEVA's DSP cores in its baseband chips, missed Q2 estimates and issued light Q3 guidance, while blaming the shortfall in large part on light baseband sales. Chip stocks on the whole have had a bad day (SOXX -1.8%), as Broadcom's numbers and a ho-hum report from ARM overshadow Apple's FQ3 beat. SIMG -3.8%. OVTI -2.8%. MU -3.9%. SNDK -2.4%. IMOS -4.5%. Broadcom set-top chip rival STMicroelectronics (STM -2.7%) has fallen for the second day in a row following its Q2 report and soft Q3 guidance, aided by a downgrade to Underperform from BofA.
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  • Jul. 23, 2013, 5:25 PM
    Apple suppliers rally in AH trading after the company beats FQ3 estimates on the back of 31M iPhone sales (above a ~26M consensus), and in spite of recording only 14.6M iPad sales (below an ~18M consensus). Apple's FQ4 guidance is light, but that was arguably priced in. CRUS +4.6% AH.  QCOM +0.8%. OVTI +1.1%. SWKS +1.4%. TQNT +0.6%. Qualcomm and TriQuint report tomorrow afternoon.
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  • Jul. 18, 2013, 2:27 PM
    Mobile chipmakers are selling off after Nokia's Q2 Lumia and total phone sales miss expectations, and top foundry TSMC (TSM -8.6%) provides light Q3 guidance (revenue of $5.37B-$5.48B vs. $5.48B consensus) and a 2013 industry forecast cut to go with a Q2 beat. 3 days after Digitimes reported top TSMC clients, including Qualcomm (QCOM -2.9%), Broadcom (BRCM +0.4%), and OmniVision (OVTI -1.6%), were paring orders due to weak PC and high-end smartphone sales, TSMC says it "[expects] the IC supply chain to begin managing inventories" in 2H. MXIM -3.5%. TQNT -3.1%. RFMD -3.4%. CRUS -1.6%. Goldman is defending TSMC. Skyworks (SWKS -1.3%) reports after the bell.
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  • Jul. 15, 2013, 11:46 AM
    Some of TSMC's (TSM -0.4%) top clients, including Qualcomm (QCOM -1.4%), Broadcom (BRCM -0.2%), and OmniVision (OVTI +0.3%), are slowing down their order pace and wafer starts thanks to concerns about PC and high-end smartphone sales, Digitimes reports. The report follows a light Q2 profit forecast from Samsung, weak Q2 PC shipment figures from Gartner and IDC, and a slew of negative analyst reports on high-end smartphone demand. On the other hand, MediaTek and Spreadtrum, two TSMC clients with strong low-end smartphone exposure, have posted strong numbers (I, II). Broadcom reports on July 23, and Qualcomm on July 24.
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  • Jul. 8, 2013, 3:51 PM
    Apple-dependent Cirrus Logic (CRUS -2.3%) and OmniVision (OVTI -3.4%) are finishing the day lower. On top of a general selloff in chip stocks (spurred by Intel, Samsung, and PC industry worries), shares are likely pressured by a Wedge Partners report claiming Apple is cutting iPhone build orders by 20%.
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  • Jun. 24, 2013, 1:37 PM
    Apple suppliers haven't responded well to Jefferies' note about high iPhone channel inventories, build order cuts, app processor production cuts, and memory reallocations. CRUS -4.4%. OVTI -5.7%. SWKS -3.5%. RFMD -3.5%. STM -3.9%. NTE -4.6%. NXPI -5.4%. InvenSense (INVN -7.4%), which isn't yet an Apple supplier but is expected to be one soon, is also off sharply.
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  • May 31, 2013, 2:34 PM
    OmniVision's (OVTI +21.2%) post-earnings rally/short-squeeze continues, as investors on edge over Apple welcome an FQ4 beat and strong FQ1 guidance. On the earnings call, OmniVision mentioned orders from Chinese OEMs, whose sales are growing rapidly at home and overseas, is offsetting weakness elsewhere, and that product mix changes are lifting margins (Apple is known for driving a hard bargain). However, management also cautioned it doesn't expect as big of a late-year demand increase as it saw last year. The automotive market is touted as a growth driver, as is OmniVision's CameraCubeChip sensor/lens module for low-end phones. Skyworks (SWKS +2.3%), which shares many customers with OmniVision, could be up in sympathy.
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  • May 31, 2013, 12:57 PM
    Midday top 10 gainers: GIGA +29%. UPI +23%. OSH +22%. OVTI +19%. TELK +18%. LAS +18%. HGSH +18%. KKD +17%. CEP +14%. MGCD +13%.
    Midday top 10 Losers: MNGA -22%. UNXL -19%. PLM -13%. PANW -9%. PW -9%. ECTY -9%. ICA -9%. RSOL -9%. NGD -9%. FSM -9%.
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  • May 31, 2013, 9:14 AM
    Premarket gainers: OVTI +21%. NBG +19%. AFFY +8%. CLSN +8%. KKD +7%. ETRM +6%. LEDS +6%. GES +5%.
    Losers: PANW -13%. PLM -12%. MHGC -7%. NMR -6%
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  • May 30, 2013, 5:33 PM
    After-hours top gainers, as of 5:45 p.m.: OVTI +15.9%. KKD +9.7%. GES +8.4%. LGF +4.4%. UGI +3.9%.
    After-hours top losers: PANW -13.7%. SPLK -3.8%. GPK -3.3%. MHGC -2.9%. ESL -2.3%.
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  • May 30, 2013, 4:59 PM
    OmniVision (OVTI) +16.3% AH after resuming trading in the wake of its FQ4 beat and strong FQ1 guidance. Shares have made a new 52-week high of $18.02, and are now up 28% YTD. 14.6% of the float was shorted as of May 15, providing ample fuel for a squeeze.
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  • May 30, 2013, 4:45 PM
    More on OmniVision: FQ1 guidance is for revenue of $355M-$390M and EPS of $0.35-$0.52, above a consensus of $347.2M and $0.29. FQ4 revenue fell 21% Y/Y, likely due to lower Apple orders. Gross margin was 17.5% +60 bps Q/Q and -500 bps Y/Y. Opex +3% Y/Y. Is the strong guidance a sign of a design win for the expected low-cost iPhone? OmniVision is already designed into the iPhone 5, 4th-gen iPad, and iPad Mini. OVTI halted, CC at 5PM ET (webcast). (PR)
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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.