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OmniVision Technologies, Inc. (OVTI)

  • 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%.
  • 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.
  • 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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  • May. 30, 2013, 4:26 PM
    OmniVision (OVTI): FQ4 EPS of $0.31 beats by $0.10. Revenue of $336.2M beats by $17.94M. Shares halted. (PR)
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  • May. 30, 2013, 12:10 AM
    Notable earnings after Thursday’s close: CPRT, GES, KKD, LGF, OVTI, PANW, PLL, SPLK
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  • May. 29, 2013, 5:35 PM
    Notable earnings after Thursday’s close: CPRT, GES, KKD, LGF, OVTI, PANW, PLL, SPLK
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  • Apr. 26, 2013, 12:43 PM
    In spite of an FQ2 beat, Skyworks (SWKS -3.6%) is selling off, as the Street looks unfavorably on guidance for FQ3 revenue of $435M and EPS of $0.53 (consensus is $443.2M and $0.52). Though EPS is expected to get a boost from a 130-180 bps Q/Q increase in gross margin, the revenue guidance might be a sign Samsung strength isn't enough to offset Apple weakness. On its earnings call, Skyworks claimed a "strategic transition from some lower margin components ... towards more margin-rich custom solutions" is responsible. Apple image sensor supplier OmniVision (OVTI -2.8%) is also off, possibly thanks to both Skyworks and Cirrus Logic. (TriQuint) (RF Micro)
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  • Apr. 17, 2013, 12:26 PM
    Chip stocks have a rough day (SOXX -2.8%) following Cirrus Logic's warning, light guidance from Linear Technology (LLTC -4.6%) to go with a Q1 beat - Linear sees 1%-4% Q/Q revenue growth for calendar Q2, below a 4.7% consensus - and ho-hum Q1 results/Q2 guidance from Intel. Apple suppliers Broadcom (BRCM -4%), Avago (AVGO -5.5%), STMicroelectronics (STM -6.7%), NXP (NXPI -7%), RF Micro (RFMD -2.8%), and OmniVision (OVTI -3.3%) are among the casualties, but they're far from alone. ANAD -6.2%. STM -5.7%. FSL -5%. ADI -4.5%. TXN -4.4%.
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  • Mar. 18, 2013, 2:07 PM
    Qualcomm (QCOM) and RF Micro (RFMD) are "the biggest content share gainers" within Samsung's Galaxy S IV, thinks Brean Capital after going over chip data (I, II). The firm notes RF Micro is seeing higher dollar content on Qualcomm platforms, and that Qualcomm's lead in supporting 4G carrier aggregation (now considered a must-have by some carriers) is bolstering its dominant 4G baseband chip position. Separately, Wedge Partners observes Sony (SNE) is the likely supplier of the S IV's 13MP image sensor, but thinks OmniVision (OVTI) will benefit as Samsung's rivals try to keep pace.
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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.